A leading legal market authority has predicted a rash of mergers at top 50 firms in the next five years.

Tony Williams (pictured), founder of consultancy firm Jomati and former managing partner of Clifford Chance, told a conference last week that further consolidation is inevitable as the market contracts.

He pointed to recent mergers between DAC and Beachcroft and between Clyde & Co and BLG as evidence that firms outside the top 10 are all considering their options.

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