Charles Russell and Speechly Bircham partners have voted to merge their firms to create a £135m firm with 170 partners, which will go live on 1 November.
Charles Russell Speechlys will be headquartered in London, with a further eight offices scattered across the UK, Europe, Asia and the Middle East. The firm will retain the existing relationships and networks that its legacy firms had established throughout the United States, Africa and the Caribbean.
Both firms share a substantial private wealth offering, which will become one of the primary drivers of the merged outfit – aiming to advise its private clients across its various practice areas.
The firm will be structured around four key divisions: business services, litigation and dispute resolution, private client, and real estate and construction.
“The real work starts now,” said Speechly Bircham’s managing partner James Carter in a statement. “Our integration team, headed by David Green, is tasked with finding the very best elements of both firms and making them work effectively together. It will also be looking at workflow, team combinations and optimal use of office accommodation”.
He continued: “Looking to the future, patterns of global wealth and business are shifting and changing at an unprecedented rate: we aim to be out ahead of them.”
The firm said that it expects “minimal” conflicts or duplication of skills in the aftermath of the combination