Deals Of The Day: The Latest In Wealth Management M&A - Blick Rothenberg, Druces

Editorial Staff

10 September 2019

, the veteran City law firm, has merged with fellow London-based Sykes Anderson Perry. Druces said that the deal bolsters its private client and real estate practices and represents around £1.6 million ($1.98 million) of additional fee income for the firm. The financial terms of the acquisition have not been disclosed.

Four directors - who will become partners or consultants at Druces - seven fee earners, three secretaries and two business services staff are joining as a result of the merger.

Druces is bringing over Christopher Sykes, a real estate specialist in the field of leasehold enfranchisement, author of the Law Society book on the subject and co-founder of Sykes Anderson Perry. He will be joined in the Real Estate team by residential property partner, Gemma Wright, together with two senior associates.

At the Private Client and International Wealth & Fiduciary team, Druces is adding consultant and co-founder, David Anderson, an international private client tax specialist, and partner Nicole Gallop Mildon. Nicole Gallop Mildon is dual-qualified in England and France and advises on UK and cross-border private client matters as well as French real estate issues. She works with a dual-qualified Spanish Abogado/English solicitor who is also joining the Private Client team.

This merger follows from Druces’ hook-up with Ronaldsons last year, which bolstered the firm’s Capital Markets practice.

The merger will take effect from 1 October 2019.