At least five partners from law firm Clyde & Co have resigned from the firm’s shipping team to set up a new firm, Legal Business reports.
The new firm will be named Preston Turnbull, after two of the departing partners Andrew Preston and Elizabeth Turnbull.
Preston joined Clyde & Co in 1994 and became a partner in 2000 while Turnbull, who joined the firm in 2009, served as co-chair of the firm’s Latin American strategy committee.
Fanos Theophani and Rob Collins will also be leaving to join the new firm, while Clyde & Co has also confirmed that Ed Mills-Webb has also resigned with immediate effect.
“It will be a marine trade, commercial litigation boutique firm and a lot of detail is still up in the air as far as that’s concerned,” Rob Collins told Legal Business.