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Wragge & Co has acquired a 10,000 sq ft office in Holborn – enough room to house 50 lawyers – as part of the on-going expansion of its London operations.The new space will allow the firm to increase the number of lawyers visiting London to handle transactions as well as allowing it to integrate niche five-partner IP firm Needham & Grant, which it acquired in March.Needhams’ lawyers will move from their 2,000 sq ft premises in Lincoln’s Inn Fields to occupy about a third of the new office. Wragge & Co lawyers, who come down from Birmingham, will use the rest of the space to work on specific transactions.The expansion will fuel speculation that Wragges has moved away from its one-site policy to concentrate on developing a corporate presence in London.The firm was understood to have talked with several larger London operations last year, including Memery Crystal about a merger. They followed on from more advanced tripartite merger talks between Wragges, Stephenson Harwood and KPMG.But Wragges’ managing partner, Quentin Poole, insisted there was no change in policy. “People might not believe us, but there will be no Wragge & Co lawyers based in London,” he said. “We are not recruiting in London or abandoning our one-office strategy.”He said the new office will allow between two and 20 lawyers to spend anything from one day to one month to run transactions from London.Wragges, which expects to announce a minimum 25% growth in turnover this year, will have the new office open in September.

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