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Penningtons Manches and Thomas Cooper confirm tie-up

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UK player to merge with shipping specialist to create new £90 million outfit

Top 50 UK law firm Penningtons Manches has confirmed it is to merge with shipping law specialist Thomas Cooper. The new outfit, Penningtons Manches Cooper, will have combined revenues of over £90 million.

The more recognisable of the two names, Penningtons Manches, has six UK offices (plus one in San Francisco) and covers a broad range of practice areas including private client, M&A, family and employment. The firm, which is itself the product of a 2014 tie-up between Penningtons and Manches, offers around 15 training contracts annually and pays a newly qualified (NQ) salary of £60,000.

Meanwhile, Thomas Cooper takes on around three trainees each year and is known for its work in shipping, international trade and international arbitration. Founded in 1825, it has offices in London, Paris, Madrid, Piraeus, Singapore and Sao Paulo.

Penningtons says it hopes the deal will build on the growth of its international litigation and arbitration practice, providing access to key legal hubs including Paris and Singapore, while also marking an expansion into the shipping sector.

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David Raine, Penningtons Manches’ CEO, said: “This is a very exciting and historic day for both our firms. Thomas Cooper has a long and proud history in shipping, maritime and cross-border work, with a strong client base served by highly skilled specialist lawyers.”

Tim Kelleher, senior partner at Thomas Cooper, added: “Penningtons Manches has a thriving, robust business and we’ve been seriously impressed with the senior team’s vision and strategy throughout this process. By joining forces, our clients will benefit from a wider service offering both in the UK and internationally – in particular they will have access to skilled teams specialising in immigration, private wealth, corporate and project finance, tax and insolvency and restructuring.”

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14 Comments

Anonymous

Thomas Cooper is one of those remaining truly friendly firms to work at. Not sure how will this merger go down with staff, after getting effectively swallowed by Penningtons.

Anonymous

Oooooh fwendly fiwm

Anonymous

Wasn’t their retention rate 0% a couple of years ago? Four trainees, zero offers.

Rupert; a US Firm associate

The pay will no doubt be…

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Anonymous

LLL

Anonymous

Who and who?

Margot Robbie

What are you, a f***ing owl?

Anonymous

TOP WHAKKK DICKSON POON GLUSKER-ESQUE MERGER!!!! (Am i doin it rite LC?)

Anonymous

Hope it goes down better than BCLP’s… those guys seem to have hit a wall in terms of revenue and PEP.

Anonymous

And pay lmaooo

Lulu the Photoshop Extradonaire

Cute, I would sail through that firm and post it on my social mediaz.

Anonymous

Can you spell Megszentségteleníthetetlenségeskedéseitekért?

Grannington

That’s just a random jumble of letters, surely?

Anonymous

Surely not friend commissar, tis only (one of the) longest word in the great Hungarian language.

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