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Law firms merge to create private client force

The union will create top-five private client team capable of advising on domestic and international issues

26 November 2015

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Law firms Thomas Eggar and Irwin Mitchell have merged to create a private client team specialising in advising mid-market and high-net and ultra-high-net-worth clients.

The merger is estimated to complete in December 2015. The new business will be worth £250m and will create the UK's 11th largest legal business.

The alliance incorporates Irwin Mitchell, Thomas Eggar and Berkley Law, which was acquired by Irwin Mitchell in late 2014, producing a top-five private client line-up.

Andrew Tucker, Irwin Mitchell's group chief executive, highlighted the growing number of millionaires who have interests in the UK and abroad, as a key driver for the merger.

'The number of millionaires is reported to have risen by more than 40 per cent over the last few years and never before has there been such a demand for high-quality advice,' he said.

'Often our clients have complex needs and want advice about a wide range of issues such as inheritance tax planning or protecting their finances in the event of a divorce - but whatever their needs, our expanded team will have the expertise to help.'

All Thomas Eggar employees will transfer to Irwin Mitchell. The firm will begin to adopt the Irwin Mitchell brand in the first half of 2016.

Vicky Brackett, managing partner of Thomas Eggar, commented: 'Significant levels of our business come from high and ultra-high net-worth clients who are typically entrepreneurs, successful business people and sports and media personalities.

'Their needs are varied and often complex, spanning their business, family and personal lives and often with an international element too.'

 

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