DWF reveals Cobbetts rescue plan
LAW firm DWF has confirmed that it is set to buy ailing rival Cobbetts in a pre-pack deal.
Managing Partner and CEO of DWF, Andrew Leaitherland said: “DWF’s plans to grow, in a strategic, targeted way have been clearly set out and this move supports that goal.
“I am confident that the merging of the two firms would bring genuine benefits to both and, importantly, the joint client base. There are many synergies between the two firms in terms of the sectors in which we operate and this collaboration will further strengthen our existing business. I am very much looking forward to welcoming the new team to DWF.”
DWF said the process of transferring people across to DWF will start in the next seven days if the deal is approved, but warned there would be some job losses.
Mr Leaitherland added: “The legal industry as a whole has faced significant challenges. We will do all we can to make the integration as smooth as possible, however, as you’d expect in a move of this size, there are some areas of overlap and we may have to displace people or find them alternative roles. We will work hard to support all those involved.”
