Will be great to see two listed law firms exploring what that status can deliver for their growth and people retention plans. I see this as about breadth of service as much as it is scale and think it is a huge positive to see a different approach being taken, starting with a business and client service perspective and challenging the norms.
Speaking to The Lawyer for last year’s UK 200, Gordon Dadds’s managing partner Adrian Biles underlined his belief that the legal market needed to change. “The future’s already here,” warned Biles. “Increasingly I can only see consolidation as a sensible answer. The more I see, the more consolidation makes sense. The inability to deliver a full service to a very large client is an increasing pressure on smaller firms. They need to broaden and deepen the offering. And it can only work at the right scale, you can’t do it sub scale. I would say scale means at least £50m, maybe even £100m.”