LK Shields and Kilroys merge to tap growth
LEADING law firm LK Shields has merged with Dublin-based firm Kilroys Solicitors as the commercial law outfit eyes new practice areas.
The merger with Kilroys, the corporate and commercial firm led by its managing partner Joanne Griffin, follows the recent opening of offices by LK Shields in Galway and London.
LK Shields chairman Michael Kavanagh said the merger comes at a dynamic time for the top 10 law firm.
"Our business is thriving and, as we secure new opportunities, this merger reflects our commitment to strategic and sustainable growth," said Mr Kavanagh
"We are also looking to expand our specialist teams in intellectual property, technology, data privacy, funds and regulatory compliance."
Significant mergers in the Irish legal sector have been few and far between over the last few years, according to the latest Smith & Williamson annual legal survey.
The survey said that while discussions continue to take place, few mergers manage to come to fruition as the structure of Irish law firms remains a significant barrier.
"Without changes in the structure of law firms, it appears that M&A activity will continue to be limited and piecemeal," said Paul Wyse, professional services managing director of Smith & Williamson.
Separately, solicitor Barry Devereux has been re-elected as managing partner of McCann FitzGerald for a second term, beginning next May.