Eversheds to keep up its Big Six talks

EVERSHEDS is in talks with accountancy practice KPMG as part of its “open-minded” strategy on a merger with a Big Six accountancy firm.

The firm is in continuing talks with Big Six firm KPMG and is also believed to have been approached by Coopers & Lybrand, although talks presumably led nowhere because, in February this year, Coopers announced its intention to set up a standalone law practice, Tite & Lewis.

Keith James, chairman of Eversheds, claimed it was important for a national firm to understand the accountancy firms' plans as well as the implications of their move into legal services.

“Consequently, we have had a policy for the last 12 months of exchanging views with a number of different firms,” he said. “We are continuing to have an open mind as to whether there is merit in a close link with an accountancy firm.”