Hill Dickinson is in high-level talks to transfer the firm’s non-marine insurance business group to Keoghs.
Talks are understood to have been ongoing for several months and, subject to a partner vote, could see the deal completed before the end of this calendar year.
Should the transfer be finalised, Hill Dickinson will retain its marine insurance and clinical negligence work, as these areas have always operated independently of the area Keoghs has an interest in.
Hill Dickinson managing partner Peter Jackson said: “I believe that our partners and staff involved in any transition would benefit from moving to a firm whose sole focus is insurance and has invested heavily in IT to service clients efficiently.
“Furthermore, it would allow us to focus our resource and efforts on areas of future strategic growth, including marine, commercial and health work, while maintaining close relationships with Keoghs to provide an enhanced offering to our retained clients who require insurance related advice.”
Keoghs CEO John Whittle said: “Whilst still at an early stage, any deal would be fully in-tune with our vision of creating the pre-eminent legal services provider for the UK insurance industry, however it would be premature to comment further on the progression of such discussions until we have fully consulted with our clients and our people.”