US firms Nixon Peabody and Thelen Reid Brown Raysman & Steiner remain tight-lipped over speculation that they are in merger talks.
The speculation comes after Nixon Peabody underscored its dedication to international growth by snaring an eight partner team from Taylor Wessing France last month (The Lawyer, 11 August).
Neither firm would confirm the existence of merger talks, with Nixon Peabody saying in a statement: “While we are open to considering growth opportunities that are consistent with our strategic objectives and criteria, it would be inappropriate to comment on any specific discussions at this time.”
In an interview with The Lawyer yesterday (4 September), Nixon Peabody co-chair of the international practice, Michael Murphy, said: “International growth is a core part of Nixon Peabody’s strategy.”
Murphy added that the firm’s insurance, reinsurance practice and finance practices were all, “crucial” to the development of the firm.
Nixon Peabody, which had a turnover of $392.5m (£196.2m) in 2007, embarked on an aggressive growth strategy last year, launching an office in London with New York partner Stavros Adamidis spearheading the new office (TheLawyer.com, 18 October 2007).
The UK office also has a tie up with UK project finance boutique Trinity.