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Eversheds is set to tie up with Spanish firm Nicea Abogados following its split from alliance partner Eversheds Lupicinio.
Eversheds announced in February that it was splitting from Lupicinio, citing strategic differences (The Lawyer.com, 15 February). Lupicinio had been a member of Eversheds’ international network for more than six years.
David Gray, chairman of Eversheds International, said in a statement at the time: “We’ve been working with our Spanish colleagues at Eversheds Lupicinio very happily for the past six years. Looking at our respective strategies for the next few years, we’ve both realised that these are no longer aligned, so it’s been agreed that the Spanish firm will leave Eversheds International later this year.”
Nicea launched last February with five partners, including department heads from DLA Piper and Lupicinio. The firm has since grown to seven partners. It has its base in Madrid and covers the areas of commercial, financial, real estate, litigation, insolvency, tax, employment and insurance.
It is not yet known whether Nicea will become part of Eversheds International or whether it will join the firm’s LLP. It is also possible that there could be a less formal agreement than the one between Eversheds and Lupicinio.
Following its separation from Lupicinio Eversheds has 42 international offices.