3 May 2011 | By Katy Dowell

Penningtons has acquired seven new partners as part of its completed merger with Lincoln’s Inn firm Dawsons.

The Lawyer first revealed in March that the two firms were in talks, highlighting the pressure Dawsons was under to halt the exit of a string of partners into rival firms (14 March).

At the 2009-10 year end the firm was home to 19 partners. Successive raids by rivals means that a slimmed-down selection of equity partners will join Penningtons, along with more than 40 staff.

The announcement comes as Penningtons revealed a 7.6 per cent rise in turnover from £22.9m at the 2009-10 year end to £24m. The newly combined firm now has 62 partners, up from 48 a year earlier.

Penningtons’ chief executive David Raine said the ongoing development of his firm’s London presence was “a key part” of its overall strategic plan.

“We’ve used the dramatic downturn in the legal services market over the past two and a half years as an opportunity to enhance Penningtons’ position across all the key areas of our business so that we are well placed to benefit from the upturn when it comes,” Raine added.

The Dawsons brand, which has been a part of Lincoln’s Inn for more than 200 years, has been scrapped in favour of the Penningtons brand. Penningtons, which already has a base in Lincoln’s Inn, said it continue to look for mergers.

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Linklaters appoints new co-heads for US practice

16 May 2011 | By Gavriel Hollander

Linklaters has appointed Jeff Norton and Conrado Tenaglia as co-managing partners for the US, succeeding Larry Byrne and Nick Rees in the roles after they completed a four-year term.

Norton is co-head of the magic circle firm’s US banking practice, while Tenaglia recently relocated to New York having completed a spell as co-managing partner in Spain earlier this year.

Linklaters Americas managing partner John Turnbull said in a statement: “We are pleased to name Jeff and Conrado as co-managing partners for the US. Jeff has distinguished himself as a proven leader within a complex practice area and an integral part of the New York office, and Conrado’s global management expertise and strategic vision will be an ideal fit for the region. I’m confident Jeff and Conrado will significantly build upon the important work that Larry and Nick have executed in establishing Linklaters’ strong presence in the US.”

Norton commented: “Linklaters’ New York office has made significant strides over the last few years, and I’m pleased to have the opportunity to build upon this. I am excited to work with Conrado as we execute a strategy designed to move Linklaters’ US practice into its next phase of growth and success.”

Tenaglia added: “Linklaters has a long history of driving collaboration across its offices around the world to provide leading insight and service for our clients. I look forward to continuing this tradition with Jeff and working with the well-respected team in New York to extend the firm’s strong track record in the US.”

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