UK firms Penningtons and Manches merge
Penningtons has merged with Manches, with 265 Manches employees and 46 partners shifting over to Penningtons to operate under the name Penningtons Manches.
Chief executive of Manches David Raine said: “This agreement fits with our strategic aims and responds to the ever-changing legal environment in which we now operate. The synergy between Penningtons and Manches was evident early on in our discussions and by joining forces we will be able to offer an enhanced level of expertise to all our clients. The strong reputation and combined experience of our people will enable us to maximise our potential in our core practice areas and in the key sectors in which we operate.”
The combined firm will have a turnover of £58m, with offices in London, Basingstoke, Cambridge, Godalming, Guildford, Oxford and Reading. It will have 115 partners and over 600 staff.