02:23, June 29 542 0

2017-06-29 02:23:06
DWF names new head of costs after NeoLaw purchase

DWF has named Simon Murray as a partner and its new head of costs after the purchase of Keely’s cost division NeoLaw for a non-disclosable fee.

The move will see NeoLaw’s 21 staff merge with DWF’s existing 36-person in-house costs department. The firm’s Birmingham office will absorb 14 new members with the remaining seven being based in London.

Steven Dawson will continue in his role as senior technical director in the costs department while Murray will head it up.

Nearly one year ago, The Lawyer reported that DWF was eyeing expansion in Europe and Qatar and the last 12 months have seen rapid international growth for the UK firm.

The firm’s acquisition of NeoLaw follows new offices in Singapore, Berlin and Paris as well as two offices – in Riyadh and Jeddah – through its association with Saudi Arabian firm Harasani & Alkhamees all of which has happened in 2017.

DWF managing partner Andrew Leaitherland said: “We aim to offer our clients a comprehensive approach to costs management, with expertise in supporting across all of our core sectors. Our team has been growing organically over the past few years, and with this acquisition we will take a significant step forward in expanding our capability.”

According to data from The Lawyer Market Intelligence (LMI), since Leaitherland was named managing partner in 2006, the firm has gone from having two offices in northwest England with revenue of £34m to having 23 offices globally with revenue of £187m.

NeoLaw was founded in 2013 as a London-based, commercially-focused costs service.