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DWF to acquire Cobbetts

DWF is to acquire fellow law firm Cobbetts via a pre-pack deal.

The deal, which is subject to approval, follows an announcement from Cobbetts, which has around 500 staff, that it is to appoint administrators because of “poorer than expected trading figures” in November and December.

A statement from DWF said, “A sale to DWF represents a solution that would secure the most favourable outcome for its creditors, members, people and clients.

“For clients this move would facilitate the continuation of service delivery and business as usual, with the same service terms they have enjoyed at Cobbetts, thereby ensuring a smooth transition for them and their business interests.”

Andrew Leaitherland, managing partner and chief executive of DWF, said that a merger between the two would have benefits for both firms and their clients.

“There are many synergies between the two firms in terms of the sectors in which we operate and this collaboration will further strengthen our existing business. I am very much looking forward to welcoming the new team to DWF.”

If the deal is approved, the process of transferring people across to DWF will start within seven days.

Leaitherland said that DWF will do all it can to make the integration as smooth as possible. However, he hinted at possible redundancies, as there maybe some areas of overlap due to the size of such a move.

The two firms almost merged last year, but uncertain market conditions curtailed the idea.

By Kirsty Hewitt

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