US firms merge in Euro strategy

Two US firms are to merge and combine their London offices in a bid to expand into Europe.

Boston-based firm Bingham Dana LLP and Hebb & Gitlin, based in Connecticut, will merge on 1 July.

Jay Zimmerman, managing partner of 325-lawyer firm Bingham Dana, says investment opportunities in Europe prompted the merger, which is part of a plan to advise global capital markets investors.

He says: “We've been in London since 1973 and have built up a variety of corporate and banking clients but have not added local capability.”

Richard Gitlin, founding partner at Hebb & Gitlin, says: “We wanted to merge with a larger firm and share our vision for serving international capital markets.”

The merged firm plans to open a Singapore office after Hebb & Gitlin's appointment by the Indonesian Government to advise on the country's u50bn offshore debt.