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Howard Kennedy FSI aims to take on Mishcons

London-based law firm Howard Kennedy intends to increase its private client offering after its merger with Finers Stephens Innocent has been finalised.

14 August 2012

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The two firms have signed heads ?of agreement with a view to merging under the name Howard Kennedy FSI by 1 November this year.

Private client services will be one of Howard Kennedy FSI’s main focuses, with the combined firm claiming it ?“will become the pre-eminent legal advisers to entrepreneurs, wealthy individuals and families and their businesses and funders”.

The combination will create a ?£43m business with 351 staff including 87 partners and 125 fee earners.

Private client and family will make up nine per cent of this, bringing in £4m a year. There will be nine partners and nine solicitors and assistants in the private client and family division, which will offer a full range of services, including estate administration, Court of Protection and offshore work.

Currently 25 per cent of revenues are sourced outside of the UK, most notably from the Middle East, Asian sub continent, Far East, Europe and the US.

Howard Kennedy FSI will be ?headed by chief executive Mark Dembovsky, who joined Howard Kennedy in January 2011.

Dembovsky believes that the two firms complement each other perfectly. “The combination of FSI’s strength in the private client area and Howard Kennedy’s untapped client base creates enormous synergies for the combined practice,” he told PCA.

“This merger will create a strong platform from which to meet the dynamic needs of our entrepreneurial client base, the critical mass from which to deliver the highest quality services commensurate with a modern day top 100 law firm, the momentum to expand our business and the strength to be the leading firm in this space,” he said.

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