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Dentons to acquire major chunk of DibbsBarker
***UPDATE*** The global law firm has confirmed that it has reached a partner acquisition with the mid-tier, after much speculation within the profession.
Emma Musgrave
Dentons confirmed today that it will acquire a major chunk of DibbsBarker partners and other staff, effective 1 May.
According to a statement, Dentons and DibbsBarker reached an agreement that will see Dentons acquire 17 DibbsBarker partners and other staff.
The move comes as Dentons looks to further strengthen its east coast presence in Australia, enhance its financial services team and add depth to the firm’s real estate and corporate practices.
The agreement will see Dentons add 10 new partners in Sydney, two new partners in Melbourne and five new partners in Brisbane, the statement said.
Dentons CEO Australia Ian Dardis said that the addition of the DibbsBarker partners reflects the firm’s strategic growth strategy in Australia.
“This acquisition will add further depth to our already significant financial services, real estate and corporate practices,” he said.
“Through this agreement with a firm recently recognised as the Best Law Firm (under $50 million revenue) in the 2018 Client Choice Awards, we will significantly grow our east coast presence and enhance our ability to provide clients with seamless integrated national solutions.”
Commenting further on the acquisition, DibbsBarker managing partner Stephen Purcell said: “We are delighted that our partners, along with other team members, are joining a leading global firm with a strong local presence.
“With client, practice and cultural synergies between the two firms, we are pleased to have reached an agreement with Dentons. They are an excellent firm where our partners will continue to deliver high-quality legal services. Being part of a firm with global reach and an innovative approach to legal solutions will further enable our partners to amplify their offering for clients into the future."
Correction: An earlier version of this article mistakenly reported that Dentons would be acquiring DibbsBarker. The firm has subsequently confirmed that while the bulk of DibbsBarker's partners and staff will move over to Dentons come 1 May, it has not acquired the firm in its entirety. At last count, DibbsBarker had 36 partners.
Lawyers Weekly asked Dentons to confirm whether there were plans to completely acquire DibbsBarker. A spokesperson responded "only the 17 partners and other staff. No 100 per cent acquisition".
MORE TO COME.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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