The world’s largest law firm by number of employees, intends to augment this number by merging with UK based Matthews Arnold & Baldwin (MAB). Having already merged with Chinese firm Dacheng and more recently Atlanta-based McKenna Long & Aldridge, the firm’s tally is now at 6,600 lawyers with 1,100 based in the US. MAB will be adding a minute 77 lawyers to this number across its Lindon and Watford offices. Despite this, reports claim that Dentons intend to leave behind the areas of the firm focused on small to medium companies and only incorporate lawyers working with large companies.
MAB posted a 13.6% drop in revenue from £19.1m to £16.8m for the financial year 2014/2015. Net profit also dropped from £5m to £3.3m along with profit per equity partner which stood at £275,000 for last year. This is in contrast to a rather successful 2012/2013 financial year where turnover was £19.3m and PEP was at a staggering £616,000, a 57% rise from the previous year. After announcing the previous merger with Dacheng earlier in the year, Dentons also announced that they had signed non-disclosure agreements with 21 other firms, meaning we could be hearing about a lot more mergers coming from Denton’s direction.