Sparke Helmore and specialist boutique insurance litigation and general commercial law firm Jarman McKenna have signed a term sheet to secure three months of exclusivity as they enter formal merger discussions, possibly leading to a merger by the end of 2016.
Mark Hickey, Sparke Helmore chairman of partners, commented on the potential merger: "As part of our renewed growth strategy, we are constantly looking for opportunities to improve the service we provide to our clients.”
“Joining forces with Jarman McKenna's strong team of insurance litigators will bring in new expertise, which will be hugely beneficial for our clients. Merging our firms would enable us to enhance the services we provide in Western Australia, as well as increase our national insurance capability."
Piet Jarman, Jarman McKenna founding partner, said the potential merger with Sparke Helmore will help the firm expand its service offerings: “The insurance litigation market in Perth and across Australia has become increasingly competitive. Sparke Helmore is an established and reputable firm that shares our values and ambitions, so it makes sense to explore this opportunity, which would expand the offering we provide and greatly benefit our clients.”
The two law firms expect ongoing discussions and due diligence to continue through to November.
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