Insurance law practice Fishburn Morgan Cole has announced it is to de-merge, citing a failure to "fully realise" the aspirations of both parties.

The de-merger takes place only three years after the original union was struck. The union was formed when Morgan Cole and Fishburn Boxer joined forces.

The de-merged practice will trade as Fishburns and will be based in offices at St Mary Axe.

Morgan Cole and Fishburns stressed that clients will undergo a "seamless transfer" with no disruption to the services. Staff based in St Mary Axe will transfer from Fishburn Morgan Cole to Fishburns.

John Cole, chairman of Morgan Cole said: "The de-merger is, I believe, in the best interests of the partners, staff and clients of Morgan Cole and Fishburns.

"The negotiations have been entirely amicable and we will continue to work closely with each other, including the provision of IT support."