Top Birmingham, UK law firm Wragge, which just announced a redundancy consultation targeting 85 and a salary freeze, happened to mention to the press that it is interested a merger.
The firm wants to increase its London footprint through a merger. It told the Birmingham Post it “was not actively pursuing a merger, but was open to the possibility.” Which is a weird thing to say. If you’re broadcasting your intentions through the news media, then you are “actively pursuing.”
Wragge’s profits were down 15% from last year, to £104.3 million ($172.6 million).
Birmingham, UK’s Wragge & Co was founded in 1834 by George Paulson Wragge hand Clement Ingleby. The firm has offices in Brussels, Guangzhou, London and Munich.
Posted by Erik Even
on June 14, 2009. Filed under Home,Law Firm News,World News.
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