21st Jan 2008 07:00
Merchant House Group PLC21 January 2008 21st January 2008 Merchant House Group PLC ("Merchant House" or the "Group") (GB 0000577386) Merchant Legal LLP becomes first step in planned relaunch AIM-quoted Merchant House Group plc is pleased to announce its association withthe independent law firm Merchant Legal LLP as the first step in a majorprogramme to broaden its range of services and boost operating margins byoffering more services to the same clients. . Merchant Legal LLP will offer corporate and commercial legal services to Groupclients and eventually to other clients. It will be overseen by Alan O'Doherty, Sadhana Soni and Alan Gogbashian. Priorexperience between them includes Herbert Smith and Clifford Chance amongstothers. Like other new units planned by Merchant House as part of the reshapingprogramme, it will operate on a revenue-sharing basis. This is in line withGroup policy of heavily incentivising the teams and not therefore beingresponsible for salaries or significant overheads. Alan O'Doherty, Senior Partner of Merchant Legal LLP said, "We welcome ourassociation with Merchant House Group PLC and I believe that by offering legalservices to Merchant House clients, they will enjoy high standards of serviceand receive advice tailored specifically to their requirements." Merchant House Chairman Martin Eberhardt said: "Over the next few weeks, we areintending to announce a series of other developments that will fit alongside oneanother to complement our existing corporate finance services. Building from ourcurrent foundations, we aim to broaden our client base, develop a strongerfund-raising capability, and continue to reduce overheads while maintaining highlevels of service to our clients." Merchant House has already established an early joint-venture, Merchant HouseFinance Ltd, set up to provide clients with leasing and asset finance services.It intends to position all its new operations as complementary to its coreactivity of identifying under-valued, small cap investment opportunities. For further information contact: :Merchant House Group PLCJames Homes - DirectorTel: 020 7332 2200 Shore Capital and Corporate LimitedAlex Borrelli - Nominated AdviserTel: 020 7408 4090 First City Financial Public RelationsAlan Piper0207 242 2666 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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