Lawrence Graham courts Wragge & Co for merger
Lawrence Graham is in talks with Wragge & Co about a potential merger.
LG has been in the market for a while - last year the firm made an unsuccessful merger proposal to Field Fisher Waterhouse, and it has also approached Irwin Mitchell. So far, no luck.
LG isn’t in the best shape for courtship, with turnover dropping by 7.5% to £51.8 million in the last financial year. Wragges, meanwhile, saw its turnover rise by 1.9% to £120.5 million. Average pay for equity partners at LG went down 14% to £260k, while Wragges partners took home £369k.