Merger talks between LG and Irwin Mitchell end
Lawrence Graham and Irwin Mitchell have come to an end, according to a report from RollOnFriday.
RollOnFriday points out that it is difficult to see how any merger between the firms would have worked, in light of the vastly different revenue and profit stats from the two firms. Turnover at Lawrence Graham is around £56m, compared to £184m at Irwin Mitchell, and equity partners at Lawrence Graham earn £303k per annum, which is not even in the same category as the average of £569k taken home by equity partners at Irwin Mitchell.
Sources have indicated that the discussions have now ended.