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A LONG-serving partner and an associate at Birmingham-based Morton Fisher are leaving the firm to set up a multi- disciplinary practice (MDP) specialising in providing financial services.
Alan Meal, partner and departmental head of the business division at Morton Fisher, and associate Gareth Fatchett, both resigned at the end of last year.
They are planning to set up a niche law firm in May, and offer both security and packaged financial services to clients and other law firms.
The firm is to be based in Birmingham and will be called Armstrong Neal.
It will focus on specialist tax and investment advice, especially off-shore financial advice.
Ian Muirbank, managing director at Solicitors for Independent Financial Advice, describes the venture as "almost the first example of a multidisciplinary practice where a solicitor is involved in the tax and financial service".
Fatchett says he is leaving Morton Fisher because proposals to centralise financial services at the firm had been vetoed by a number of departments.
He says: "It comes down to a difference in culture. We are looking forward to the next century."
James Quinn, managing partner at Morton Fisher, describes the move as amicable and says the firm will continue to use Meal and Fatchett's practice in a consultancy capacity.