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Andersen Legal firm Garretts has pulled out of Cambridge following the departure of lead partner Gerry Fitzsimmons.
The office and two remaining corporate partners will be taken over by Taylor Joynson Garrett. Garretts' decision was precipitated by Fitzsimmons' move to a venture capital company, where he will become a non-legal director. Corporate partners David Mardle and Simon Crossley then negotiated a move to Taylor Joynson, which has been looking to open a Cambridge office for the past 18 months. Taylor Joynson subsequently decided to take over the Garretts office and the remaining staff. Taylor Joynson technology-focused corporate partner Simon Walker will head up the office. He said: "We'd like to think the technology market has just about hit rock bottom and that, when it picks up, we'll be an established part of the professional services scene." The capture of Garretts' Cambridge office will give Taylor Joynson an impressive client base if, as expected, clients follow Mardle and Crossley. Garretts advised a range of niche technology venture capitalists, including Amadeus Capital Partners, TTP Communications, Technomark, Guilder, Metris and AlphaMosaic. The Cambridge office will provide corporate and intellectual property advice, but Taylor Joynson intends to offer a full service to the new clients, sourcing other advice from the London office. Andersen Legal worldwide managing partner Tony Williams said: "The departure of Fitzsimmons put a big hole in the Cambridge practice. The tech market is tough at the moment and it made sense to pull out."