Top 100 U.K. law firm Royds Withy King has announced its intention to merge with a fellow London firm next year, as pressure in the industry forces smaller firms to consolidate.

City outfits Goodman Derrick and Royds Withy King are in discussions with a view to merging to create a new entity called RWK Goodman, with effect from May 1, 2022, a statement on Thursday said.