Exclusive: Withers to merge with Speechly Bircham
22 March 2013
RollOnFriday can exclusively reveal that Withers
and Speechly Bircham are to announce their merger on Monday.
On the face of it the tie up makes sense. Speechlys have around 90 partners, Withers 100, and their profits per equity partner are almost identical at £383,000 and £384,000.
Given the number of leaks in the market at the moment, the firms have done a remarkable job in keeping the merger secret right up until (almost) the final hurdle. The new outfit (Withered Birch LLP?) will have 1,300 staff worldwide. Both are powerhouses in private client work, and (once they've got to grips with the inevitable conflicts) the merger should have the likes of Farrers
||The new firm |
A spokesman for Withers said that the firm wouldn't comment, and a spokeswoman from Speechlys said she would get back to us. More to follow next week after the announcement.