Cartwrights breaks off Berrymans talks
Legal Director reports
The merger bid between national insurance firm Berrymans Lace Mawer and Bristol firm Cartwrights has broken down following this week’s announcement that Cartwrights’insurance department is to form an independent partnership.The creation of a four-partner independent firm Cartwrights Insurance Partners (CIP) leaves the 11-partner corporate and and commercial teams free to move to south west firm Bond Pearce, which has courted the teams for several months.“A merger with Bond Pearce was never going to go anywhere,” said Richard Ottley, a partner at CIP. “There were too many obvious conflicts for it to work.”However, he stated that, after consultation with the firm’s clients, they decided not to join a larger insurance set-up.“Our clients feel that we are better off as an independent outfit,” he said. “The feedback is that they want us to stay as we are.”The decision will come as a blow to Berrymans, a firm that is recovering from the more than 19 partner defections that took place across the firm’s offices last year.However, a spokesman for Berrymans stated that talks were still on track. “From our side the situation remains unchanged,” he said.Cartwrights Insurance Partners has opted not to have a managing partner or senior partner. The partners, David Vernalls, Deborah Bradley, Richard Ottley and Ian Poole, will all have equal weight within the firm.They employ 12 other fee-earners and have teams working on both high value and high volume cases.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651