M and A
UK Law Firms Merge

The organisations said they are filling a gap in the market.
Cripps and Pemberton Greenish are merging to form one legal
practice focusing on real estate, private wealth and growing
businesses. The deal brings together Cripps, which is based in
the South East, and Pemberton, a firm operating out of central
London. Its name will be Cripps
Pemberton.
The organisations said that the merged entity will be ranked in
the Top 70 of UK law firms with revenues of about £45 million
($57.7 million). The financial terms of the merger were not
disclosed.
“The merger exploits an increasing gap in the legal market. Many
law firms focus on larger and more international clients but few
are able to provide the full range of skills across commercial,
real estate and private client law,” the organisations said in a
statement last week.
In total, the firms employ 465 people, including 65 partners.