Penningtons has merged with Manches, with 265 Manches employees and 46 partners shifting over to Penningtons to operate under the name
Manches is in the final stages of merger negotiations with private client firm Penningtons. A
Reports have emerged indicating that UK firm
Manches has recorded a massive tumble in net profits, which fell by 40% from £3.7m to £2.15m in the last financial year. Average profits per partner have also plummeted 42.6 per
Manches has lost high profile divorce lawyer Helen Ward, along with four associates and three support staff, to rival firm Stewarts Law.
Manches is making an early exit from the firm, after just 18 months in the role. Judith Petho joined Manches from
The Chief Operating Officer at
Manches has announced that a redundancy process is underway, though the firm will not reveal how many staff will be affected.
A spokesman for the firm confirmed that: "we
Stewarts Law has boosted its commercial litigation department with the hire of partner Keith Thomas from Manches. The specialist litigation