Buchanan agrees to merge with US rival Klett

US firms Buchanan Ingersoll and Klett Rooney Lieber & Schorling are to merge. The new practice, which will be known as Buchanan Ingersoll & Rooney, will have an annual turnover of $265m (£144m) and 525 lawyers.

The deal, which is expected to be completed on 1 July, comes a year after Philadelphia-based Buchanan acquired US intellectual property specialist Burns Doane Swecker & Mathis.

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