RollOnFriday can exclusively reveal that Withers and Speechly Bircham are to announce their merger on Monday.
On the face of it the tie up makes sense. Speechlys have around 90 partners, Withers 100, and their profits per equity partner are almost identical at £383,000 and £384,000.
Given the number of leaks in the market at the moment, the firms have done a remarkable job in keeping the merger secret right up until (almost) the final hurdle. The new outfit (Withered Birch LLP?) will have 1,300 staff worldwide. Both are powerhouses in private client work, and (once they've got to grips with the inevitable conflicts) the merger should have the likes of Farrers running terrified...
A spokesman for Withers said that the firm wouldn't comment, and a spokeswoman from Speechlys said she would get back to us. More to follow next week after the announcement.
Tip Off ROF
On the face of it the tie up makes sense. Speechlys have around 90 partners, Withers 100, and their profits per equity partner are almost identical at £383,000 and £384,000.
Given the number of leaks in the market at the moment, the firms have done a remarkable job in keeping the merger secret right up until (almost) the final hurdle. The new outfit (Withered Birch LLP?) will have 1,300 staff worldwide. Both are powerhouses in private client work, and (once they've got to grips with the inevitable conflicts) the merger should have the likes of Farrers running terrified...
The new firm |
A spokesman for Withers said that the firm wouldn't comment, and a spokeswoman from Speechlys said she would get back to us. More to follow next week after the announcement.
Comments
376
379
372
376
374
371
375
359
364
383
375
377
373
380
Hopefully this is the catalyst to improve in-house communication in these firms. Improve communication and leaks like this wouldn't exist or be harmful or cosidered toxic. Take heed withers and speechlys - communication is key.
376
378
378
394
404
363
Panic amongst the Partnership at Conference do you think?
353
401
As for the merger itself, not yet made my mind up but there are a hell of a lot worse firms out there than Withers