Penningtons Manches and Thomas Cooper are pleased to confirm that the merger of the two firms has completed. Today marks the first day of trading for the newly combined business, Penningtons Manches Cooper.
With a turnover of over £90 million, Penningtons Manches Cooper has some 850 people, including 141 partners, working across 13 UK and international locations.
The merger brings together the firms’ complementary areas of expertise in international litigation and arbitration, building on the recent rapid growth of Penningtons Manches’ commercial disputes practice and the significant experience gained by Thomas Cooper through its work in shipping and commodities.
Alongside established sector expertise in private wealth, real estate and technology, the integrated business will also offer shipping sector clients a full range of services including banking and finance, immigration, employment, real estate litigation, corporate tax and restructuring.
Headquartered in the City of London, Penningtons Manches Cooper will combine its long established commitment to the development of its UK client base with a sharper focus on strategic international development. Offices in Singapore, Paris, Madrid, Piraeus and São Paulo offer the potential to further develop a global client base as well as safeguarding continued access to Europe in the post-Brexit era.
David Raine, CEO of Penningtons Manches Cooper, said: “We are very much looking forward to our future as one firm. Together we have the strongest of foundations on which to build a business that is greater than the sum of its parts: a common philosophy around providing clients with services we are proud of, and a shared commitment to developing and investing in the best lawyers and specialist teams. We can now proudly offer our clients an even broader range of expertise and an increased depth of knowledge and resources.”