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US firm Kirkpatrick & Lockhart is considering converting to a UK limited liability partnership (LLP) in London if its merger with Nicholson Graham & Jones (NGJ) goes ahead.
As exclusively revealed on www.thelawyer.com on 15 July, NGJ and Kirkpatrick are in the final stages of discussions to form a merged entity that will be known as Kirkpatrick & Lockhart Nicholson Graham. It will house more than 900 lawyers.
Kirkpatrick is already an LLP in the US, but is examining the benefits of the UK model. The firm will continue to operate as a US LLP across the Atlantic if the NGJ merger is approved by partners.
Kirkpatrick chairman Peter Kalis confirmed that the firm was looking into UK LLP status. He said: “We have been informed by many that there is a general transition in this market towards LLP status.”
Ronnie Fox and Tina Williams of City firm Fox Williams are advising Kirkpatrick on UK LLPs.