International major insurance law firms Kennedys and Carroll, McNulty & Kull (CMK) are set to create a global industry powerhouse with a huge merger.
The deal, which is expected to take effect from June 01, combines around 100 lawyers, including 43 partners, from the US-based CMK, and 975 lawyers from Kennedys, which is headquartered in London.
CMK also brings over its 750 staff to form the new company with an enhanced presence across the Americas, Asia-Pacific, Europe, the Middle East and Africa.
The merged insurance law firm will operate as Kennedys CMK in the US. The same name will be used by Kennedys’ existing office in Miami, which serves as a hub for business in Latin America and the Caribbean.
With the merger, Kennedys’ number of offices increases to 32 with the addition of CMK’s offices in New Jersey, New York, Pennsylvania, Illinois and Texas.
Chris Carroll, one of the founders of CMK in 1997, will join Kennedys’ global strategy board. Founding partners Joseph McNulty and Gary Kull will also continue with Kennedys CMK, along with managing partner Margaret Catalano.
According to Carroll, CMK and Kennedys have worked together for over 10 years on some of the biggest insurance cases.
“We know that we are joining forces with a firm with ambitions and a reputation to match our own,” Carroll said.
Nick Thomas, senior partner of Kennedys, described the merger as a “meeting of the minds.”
“We know each other well, as colleagues and friends, and are confident that our cultures will integrate to the benefit of all,” he said. “Clients will see immediate benefits from working with a global firm and they have been overwhelmingly positive in their support of this merger.”