DWF Group PLC DWF to acquire legal services business (8238X)
02 May 2019 - 4:00PM
UK Regulatory
TIDMDWF
RNS Number : 8238X
DWF Group PLC
02 May 2019
RNS announcement
DWF Group plc to acquire the legal services business of K&L
Gates Jamka sp.k
-- Team of c.85 to join DWF from the former Warsaw office of global law firm, K&L Gates
-- Entry into Polish legal market builds on DWF's existing
European footprint, marking opening of first international office
since IPO
DWF Group plc (DWF), the Main Market listed global legal
business, today announces that it has reached an agreement to
acquire the legal services business of K&L Gates Jamka sp.k
(K&L Gates Jamka) for an estimated net asset value of GBP3m.
The acquisition will result in the opening of a new office for DWF
in Poland, its first since its IPO, with 11 partners, 45 lawyers
and a further 31 support staff joining DWF. The deal is expected to
be completed later this month.
Led by managing partner Michal Pawlowski, the established and
highly-experienced team specialises in commercial legal services
including corporate and M&A, litigation, banking, finance and
restructuring, energy and environment, venture capital &
private equity and intellectual property across a broad range of
sectors. K&L Gates Jamka is anticipated to generate revenue of
c.GBP7m in the financial year ending 30 April 2020.
The acquisition is the first since DWF became the first Main
Market Premium Listed legal business on the London Stock Exchange
in March 2019 and is evidence of the Group's strategy to grow its
Complex, Managed and Connected Services capabilities, while
attracting and retaining the best talent, investing in technology
and carrying out targeted M&A.
Andrew Leaitherland, managing partner and CEO at DWF, said: "We
look forward to welcoming Michal Pawlowski and his colleagues to
DWF.
"This move will strengthen DWF's capabilities in our global
sectors of financial services and real estate, among others, and
provides further opportunities in technology and energy where our
businesses have strong alignment. It is the next step towards
achieving our strategy of delivering Complex, Managed and Connected
Services on a truly global scale.
"It also fulfils on one of the international expansion
opportunities we highlighted in our Prospectus. Poland has a strong
and dynamic economy and is an important gateway to Central, Eastern
and South-Eastern Europe as a whole. Having a presence there
delivers on our international strategy to be where our clients need
us to be."
Michal Pawlowski said: "Becoming part of DWF provides the
opportunity to continue our growth and development plans within
both the legal services and connected services markets of Poland.
Our values and culture, as well as our strongly aligned sector
focus provide a platform for our future success."
The expansion marks the first new location for DWF since its
March IPO. The Warsaw office will be DWF's 7th continental European
office alongside Brussels, Paris, Milan and three in Germany. On
completion, DWF will have more than 3,200 people across 28 key
commercial centres in the UK and internationally, across four
continents.
MEDIA ENQUIRIES
DWF press office: +44 20 7280 8929
-- James Igoe
Finsbury (public relations adviser to DWF): +44 20 7251 3801
-- Edward Simpkins
-- Charles O'Brien
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END
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