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Kennedys and Simpson & Marwick to miss merger deadline

‘Efforts are being made on both sides to respect differing practice and business arrangements' 

25 October 2013

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By Manju Manglani, Editor (@ManjuManglani)

The planned merger between international law firm Kennedys and Scottish law firm Simpson & Marwick will not complete on 1 November as originally intended.

In a joint statement today, the firms noted that they had experienced setbacks since their 30 August announcement of their merger plans and that several aspects of the merger “could not be finalised within the ambitious timetable we had set ourselves”.

Said Peter Anderson, managing partner of Simpson & Marwick: “As this is a true merger, considerable efforts are being made on both sides to respect differing practice and business arrangements.

“We imposed on ourselves a tight timetable and we have not been able to resolve all the merger details by our proposed date. However, we continue to work on this and will make a further announcement as soon as possible.”

Added Kennedys’ senior partner Nick Thomas: “Since announcing our merger, the two firms have been working increasingly closely together. There is a huge amount of goodwill between the two firms and we remain confident of being able to conclude matters shortly.”

The firms did not confirm a completion date for the merger, which would have resulted in a combined projected turnover of over £160m in the current financial year.

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