Wednesday, 8 May 2013

Parabis nudging towards Top 20 slot with latest merger

Plexus Law, part of the Parabis Group backed by PE firm Duke Street, is merging with insurance dispute  firm Greenwoods. The merger will create a £90 million defendant insurance litigation business. 

 Parabis also owns Cogent Law and the three businesses in aggregate will be turning over in the region of £150 million, meaning Parabis will be nudging a coveted top 20 UK law firm slot.

The deal is expected to complete this month and the Greenwoods brand will be retained alongside that of Plexus.


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