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Ashfords and Boyes Turner call off merger

25th 02 2019

National firm Ashfords has called off a proposed merger with Reading firm Boyes Turner over structural differences.

The merger, announced at the end of law year, was set to create a 100-partner firm with annual revenues of £60m.

Ashfords LLP said:

'Following months of discussions, it has been agreed that the structural differences of Ashfords and Boyes Turner are currently too far apart to work at this time. Ashfords has seen strong financial growth in recent years and the merger process has served to highlight its strength as an independent.’

Garry Mackay, chief executive, said: 

’We have seen 76% growth over the last six years and are currently having a strong year with initial indications from all departments that there is significant growth potential for next year.

We have a number of initiatives and investments that we will continue to focus on as we look to further innovate and develop services and product lines that support clients beyond their normal periodic transactional legal needs.’

 Boyes Turner's Andrew Chalkley had a similar message:

'We looked very closely into the benefits of this proposed merger but, on balance, we decided that it was not the right decision for Boyes Turner, our people and our clients.’