The acquisition will enable Mourant to provide clients with legal, corporate and entity management services from Luxembourg, Mourant said in a statement late last week.

LexField is a boutique corporate and tax practice, specialising in private equity, investment funds, M&A and private wealth, led by partners Pierre-Yves Magerotte and Aldric Grosjean.

FideField provides entity management services to corporate and financial services clients. The leadership team comprises Melina Howard (head of operations), Nicolas Poncelet (head of accounting) and Yeliz Bozkir (head of legal and compliance).

The acquisition follows that of a specialist accounting business in January this year and the launch of Mourant Consulting Services in 2021, the firm said.

"We've spent several years getting to know the leadership team at LexField and FideField. There's a close strategic and cultural alignment between our businesses and we're delighted to be joining forces in Luxembourg,” Mourant global managing partner, Jonathan Rigby, said.

The transaction, which is subject to regulatory approval, is scheduled to complete in the first quarter of next year.

Mourant advises on the laws of the British Virgin Islands, the Cayman Islands, Guernsey and Jersey.