UK insurance firms negotiate for a merger
Beachcroft and Davies Arnold Cooper are in the midst of negotiations over a possible merger which, if completed, would create an insurance law firm with combined revenues of around 175 million pounds.
Beachcroft managing partner Paul Murray said: "Our merger discussions with DAC are driven by the opportunity to enhance how we work with clients in industry sectors in which both firms specialize, and in particular the insurance sector.
"The combination of Beachcroft's leading volume and U.K. insurance practice with DAC's strong insurance and dispute resolution team in London, Spain and Latin America would create a distinctive, full-service offering for our insurer clients."
DAC senior partner Danny Gowan said: "In addition to creating a stronger offering to the insurance sector and increased investment internationally, a merger would provide significant advantages to our real estate, corporate and employment teams, which have grown significantly over recent years."
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