Big Law’s Milbank LLP has bought the London office of Scottish-based Dickson Minto, the long-established law firm.
The Lawyer reported the news of New York-based Milbank’s acquisition of the firm, which was founded in 1985 and has seven partners in the London office.
Firm co-founder Alastair Dickson will not join Milbank and the firm’s Edinburgh office will remain independent, remaining focused upon its corporate work. The firm’s London office focuses on investment company work and fund management work.
Also joining Milbank in London will be the firm’s 20 associates and 10 other professionals.
Milbank has revenues of over $1.2 billion USD and employ over 800 lawyers.
Interestingly, the purchase was by Milbank and not Willkie Farr & Gallagher, another New York-headquartered law firm that had entered an alliance with Dickson Minto in 2008.
Milbank’s corporate head, Norbert Rieger, said: “The addition of this team will significantly add to our ability to act for clients around the globe on private equity related transactions. It is a logical next step after our expansion in the PE space in the US, Germany and Asia.”
The Dickson Minto City office is led by partner Jordan Simpson and focuses on private equity as well as corporate transactions.
“As the private equity market continues to evolve and our clients look at ever larger and more complex transactions, it has never been more important for us to be able to quickly bring together global solutions across a wide range of disciplines,” Jordan Simpson said.
“We are excited to join the Milbank platform, where we look forward to presenting to our clients everything they have come to expect from our London private equity group, with the added benefit of direct access to equivalent levels of service and expertise from a broad range of preeminent practices in the US, continental Europe and Asia.”
