British law firms Irwin Mitchell and Thomas Eggar have agreed to merge to create a £250m legal services business in December 2015.
The merged firm will have a top-five private wealth legal team and a platform to significantly expand their combined business legal services operation.
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Under the agreement, all of Thomas Eggar’s 450 employees, including 67 partners, will move to Irwin Mitchell.
Also, Thomas Eggar managing partner Vicky Brackett will join the Irwin Mitchell’s executive board as part of the deal.
The combined entity will operate under the Irwin Mitchell brand from the first half of 2016.
The merger will see turnover in the combined business team increase to more than £80m.
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By GlobalDataIrwin Mitchell Group CEO Andrew Tucker said the deal will act as a catalyst for growth for both businesses and demonstrates a continued determination to seize opportunities arising from continued consolidation in the legal sector.
Tucker added: "This deal will significantly add to the value and diversification of our business and act as a catalyst for further growth.
"It will add significant additional scale to our Business Legal Services division, which, if it were a standalone business, would now be a top 50 legal firm in its own right.
"This is the latest step in our strategic expansion plan but we see still further opportunities arising as the market continues to consolidate."
