Penningtons Manches has announced its upcoming merger with specialist firm Thomas Cooper.
With Thomas Cooper’s offices spanning London, Paris, Madrid, Piraeus, Singapore and São Paulo, the merger marks Penningtons Manches’ second international venture after establishing an office in San Francisco in 2014. Thomas Cooper focuses on providing services in shipping, international trade and international arbitration; post-merger, the integrated business will be known as Penningtons Manches Cooper and will have an estimated combined turnover of £90m.
David Raine (pictured), Penningtons Manches’ CEO, said: ‘This is a very exciting and historic day for both our firms. Thomas Cooper has a long and proud history in shipping, maritime and cross-border work, with a strong client base served by highly skilled specialist lawyers.’
Tim Kelleher, senior partner at Thomas Cooper commented: ‘Penningtons Manches has a thriving, robust business and we’ve been seriously impressed with the senior team’s vision and strategy throughout this process. By joining forces, our clients will benefit from a wider service offering both in the UK and internationally—in particular they will have access to skilled teams specialising in immigration, private wealth, corporate and project finance, tax and insolvency and restructuring. Following the merger we’ll be able to utilise the increased resources and turnover, as well as Penningtons Manches’ more advanced operational structure, to help facilitate further growth and innovation.’
