Menzies and TAL-London have announced a merger, with a £10m capital offering, trading as Menzies LLP.
TAL-London staff are set to relocate to Menzies' offices in Tavistock Square, with no redundancies planned, following completion of the deal.
Menzies is set to double its presence upon merger, while TAL-London clients will now have access to multi-jurisdictional capacity through Menzies' membership of HLB International, a network of independent professional accounting firms and business advisers with member firms in over 100 countries.
Julie Adams, Senior Partner at Menzies, said: 'This is a great opportunity for both parties as our London office is supplying an increasing number of opportunities for international work. We have been looking for a suitable merger partner to deepen our strength in London, so were very interested when one of our former managers, who is now a director of TAL-London, approached us to advise that their management team was considering a merger with another firm. Both firms share a similar ethos and client base and this merger puts us in a strong position to grow our business.'
Keith Seeley, Managing Director at TAL-London said: 'We are very pleased to have found such an excellent merger partner as Menzies giving us the critical mass to really compete in London.'
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