CITY law firm Pinsent Masons yesterday confirmed it will merge with Edinburgh-based McGrigors, in a legal tie-up to create a company with a turnover of more than £300m.
The combined firm will employ over 2,500 people in total including more than 1,500 lawyers, with around 500 based at Pinsents current headquarters in the legal heart of the City, close to Liverpool Street.
As well as existing offices in Asia Pacific and the Gulf region, Pinsents said yesterday the combined entity will launch offices in France and Germany before the end of this year.
The new firm will operate under the Pinsent Masons brand, with the firms highlighting their expertise in construction, energy and infrastructure as key sectors where the firms can complement each other.
Last November Pinsents, the larger of the two companies, reported half-year revenues of £105m, a six per cent increase on the previous year.
Pinsents made a profit per equity partner (PEP) of £400,000 in 2010-11, compared to £247,000 at McGrigors, which is led by managing partner Richard Masters.
