Eversheds confirms US merger ambitions

It’s been a long time on the back burner but finally Eversheds has given the green light to its potentially transformative plans to seek a US merger partner.

Three years ago the firm formed a US strategy group. Two years ago it launched its 2020 Vision strategy, which made building a global platform a priority. Now chief executive Bryan Hughes has confirmed that this year, at its June partners’ conference, the specific plan of tying up with a US firm received overwhelming support from its senior lawyers.

Hughes told The Lawyer today that he has “started looking at the market in earnest”. Clearly things look to be accelerating at Eversheds, but it hasn’t taken anything like as long for the comments on thelawyer.com to start flowing, with one already suggesting potential merger partners: “How about: Bryan Cave, Drinker Biddle, Foley & Lardner, Holland & Knight, Hunton & Williams, Locke Lord (Edwards), McGuireWoods…”

Don’t miss our associated Behind The Law article for all the background to the vote and Eversheds’ decision to hunt out an American marriage.

Also on TheLawyer.com:

 
Featured Briefings
Litigation – Shoosmiths: Settling your dispute — a risky business?
IT – DLA Piper: Good faith: a new era for English law?
Company – Khaitan & Co: Bombay High Court provides breather to Vodafone: no ‘income’, no transfer pricing adjustment on issue of shares
Employment – Wragge Lawrence Graham & Co: All about age: recruitment – judge the skills, not the birthday
Construction – Gateley: Obtaining collateral warranties: don’t give up too easily