Howard Kennedy backs out of Davenport Lyons merger


By Crystal Williams

28 February 2014 at 11:57 BST


The two London firms were in discussions to create a £60 million law firm.

Howard Kennedy FSI withdraws from merger talks with Davenport Lyons. wavebreakmedia

Howard Kennedy FSI has withdrawn from merger talks with Davenport Lyons giving no clear explanation. It is the second firm which Davenport Lyons had been talking to – it earlier was in discussions with Shakespeares. Davenport Lyons has seen a 20 percent drop in profit per equity partner since 2011. The firm also made the decision to close its film and TV divisons and cut down its trainee cohort last November.Howard Kenndy FSI  is also in talks with a smaller firm CKFT which are still ongoing.

 
   
 
 
 

Also read...

Shareholders in US litigating fewer M&A deals

Fewer M&A deals are being litigated by shareholders, while merger objection cases have shifted from state to federal courts.