Apple, Blue Ivy, North West, King & Wood Mallesons SJ Berwin – giving youngsters outlandish names has been all the rage over the past couple of years.
Thankfully, it looks as if Charles Russell and Speechly Bircham have something more conservative planned for their own merger baby – weighing in at a combined £126m.
If all goes to plan, the newly created firm will be named Charles Russell Speechlys LLP. In fact, the name was registered with Companies House before news of the firm’s discussions even became public in February.
Meanwhile, the couple continue to thrash out their terms of the proposed tie-up. It was initially hoped that they could seal the deal by the start of the 2014/15 financial year, but the timeline has since been pushed back to allow more leeway.
While the pair look to be a perfect match in terms of practice areas and firm financials, it’s thought that incompatible IT systems and costly office space might be two of the biggest sticking points.
Also on The Lawyer:
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- Vacation schemes used to be such simple affairs, that was until some bright spark decided to get tough and treat it as an extended job interview
- Nabarro has appointed its first non-executive director as a board member
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