LAW Firms are huddling together to create weightier brands through mergers, as the global economic climate starts to bite, with many choosing the City as the place to ramp up operations.
UK firm Rowe & Maw and US firm Mayer Brown & Platt are on the verge of hammering out a merger deal to create a 398-partner, top-10 global firm by revenue.
KLegal, the law firm set up by accountancy firm KPMG, is merging with Scottish firm McGrigor Donald, which also has a sizeable London office. The merger is aimed at ramping up KLegal's London operation.
National firm Radcliffes has also agreed to merge with Le Brasseur J Tickle to form RadcliffesLeBrasseur.
The merger will create a mammoth healthcare litigation firm to be based in London, with additional offices in both Leeds and Cardiff.
"Healthcare litigation is not subject to the M&A slowdown, and in this respect the work is recession-proof," he said.
Insurance firm Badhams has merged part of its London operation with niche professional indemnity law firm Williams Davies Meltzer to create a new insurance firm called Plexus Law, containing seven partners from both sides.
Badhams' London and Croydon offices will continue under the existing Badhams brand.