You are here

Withers and Speechly Bircham in merger talks

New private client specialist would have global revenues of £163m

26 March 2013

Add comment

By Manju Manglani, Editor (@ManjuManglani)

Top-100 UK law firms Withers and Speechly Bircham have confirmed that they are in merger talks.

If the deal goes ahead, the merger will create by far the biggest firm specialising in private client work in the UK, with global revenues of £163m.

In a joint statement, the firms said: “Withers and Speechly Bircham can confirm that they are in preliminary discussions regarding a potential merger. Both firms see exciting opportunities for growth in such a merger.

“Both Withers and Speechly Bircham have been growing their international offering in response to changes in the global legal market and the increasing importance of private capital in the world economy.

“There is still a lot more work to be done before any final decision can be reached and so we will not be issuing any further comment at this stage.”

Speechly Bircham has offices in London, Luxembourg and Zurich and reported turnover of £57.6m in the year ended 30 April 2012.

Withers has ten offices across Europe, the US, the Caribbean and Asia and has reported global revenues of $160m (£105.4m).

Categorised in:

Business development & Strategy