One of the biggest names in insurance law has announced a significant merger with Kennedys moving for London marine and shopping boutique Waltons & Morse.
According to a report at
Legal Week, the merger will add around £6 million to the insurance law firm’s top line with Waltons & Morse boasting one consultant, five partners and 13 additional legal staff. The move will take Kennedys, which posted revenues in 2015-16 of £138.8 million, close to the £150 million marker.
Managing partner at Waltons & Morse, Chris Dunn, is set to lead to the team which will focus on marine insurance, shipping, transport and logistics while acting for insurers, charterers and commodity trading companies. It will be known as Kennedys Marine and will have 30 members, including 12 partners.
Speaking to the legal publication, Nick Thomas, a senior partner at Kennedys, described the merger as “an excellent fit”, noting that it will help the company make “an instant impact in marine insurance and shipping”.
His words were backed by Chris Dunn, who also described the businesses as “like-minded”.
The move is the latest in a significant expansion drive from Kennedys in recent months – it has already opened four new offices across Latin America in the last two months, including in Brazil, Peru, Chile and Colombia.
Related Stories:
Insurance costs to rise after Supreme Court ruling: Insurers
Supreme Court: Collateral lies OK in insurance claims
