firm Thomas Eggar is set to merge with Pritchard Englefield, it announced yesterday, doubling its presence in London.
The deal will create a firm with combined revenues of around £42m, and be known in London as Thomas Eggar incorporating Pritchard Englefield.
Eggar, which employs 500 people across the south east of the country, has been beefing up its London practice over the past year, and will add 15 City-based partners once the Pritchard team is on board.
In its 2011-12 financial year it made revenues of £34.6m, and profits per equity partner – a common measure of law firm performance – of almost £250,000.
“It is a merger which moves Thomas Eggar forward and gives us the base from which to further focus our offering to the market,” said Thomas Eggar’s Vicky Brackett,who was made managing partner of the firm in April last year.
“Pritchard Englefield has been looking for opportunities to grow for a number of years. We strongly believe this merger is the best way to enable us to deliver an even better offering to our UK and international clients,” said Pritchard’s managing partner Ros Ashby yesterday.