Isle of Man firm Dougherty Quinn has announced it is merging with local private client and corporate boutique Kerruish Law & Trust.
The merger will take place on 1 June. Kerruish managing director Paul Kerruish will join Dougherty Quinn as a director, the firm’s partner equivalent.
Kerruish will head up Dougherty Quinn’s commercial property team and will also work with the trust and private client department.
Kerruish Law was set up in 2012 when Kerruish left Gough Advocates, taking with him the commercial and fiduciary teams. The merger brings the number of directors at Dougherty Quinn to six.
Dougherty Quinn director Tom Maher told The Lawyer that the merger would aid the development of both firms’ businesses.
“With smaller firms, in the increasing climate of compliance and regulation it’s very difficult to have business structures in place to still operate at the highest levels of service,” Maher said. “I think the merger is indicative of what’s likely to happen in the market in the next couple of years.”
He said Kerruish’s expertise in high-end commercial property work would benefit Dougherty Quinn’s smaller property practice particularly, and the addition of extra fiduciary capabilities would also benefit clients. Maher said Dougherty Quinn had launched a bolt-on fiduciary team last month, but wanted to be able to expand this slightly for larger clients.
“We’re not out there looking for general fiduciary business, it’s to serve the bigger law firm clients that have a small fiduciary need,” he said.
Kerruish added that the merger would provide Kerruish Law clients with a fuller range of legal services and expertise.
“This synergy will create one of the most efficient, client focused and ambitious firms on the Island. I am excited and proud to be part of this future,” said Kerruish.