Specialist chancery set 9 Stone Buildings is merging with the dissolving chambers of Isaac Jacob, 3 Paper Buildings.
Seven barristers and the senior clerk will be joining 9 Stone Buildings on 22 March.
Jacob says: “This is a merger, not a closure.”
Michael Ashe QC, who will continue as head of chambers at 9 Stone Buildings, says the decision was taken two weeks ago to invite 3 Paper Buildings' chancery barristers to join what will become a 23-member set.
“It makes sense structurally and in the work we do,” says Ashe.
The barristers who have accepted the invite include senior and widely respected commercial property lawyers Jacob and Edward Denehan.
The set will have to lease an annexe to accommodate the new tenants, but this is a short-term measure. It is understood that restructuring within the Inns will soon allow the set to be together in one place.
The set has no plans to continue expansion. “We have no intention of becoming a mega-set,” says Ashe.
The remaining five members of Jacob's set, which is believed to be taking the decision to dissolve today (Monday), are understood to be moving upstairs to Michael Parroy's 3 Paper Buildings.
Rumours of a merger between leading commercial set Brick Court Chambers and 7 King's Bench Walk are untrue. “The two sets are not compatible,” a source within Brick Court says.