City firm confirms rumours of talks with Jones Day Reavis & Pogue

Gouldens has confirmed that it has entered formal merger discussions with US firm Jones Day Reavis & Pogue.

As revealed in Lawyer News Weekly earlier today, the two firms were rumoured to be in talks.

Gouldens has 41 partners and reported a turnover of £42.3m last year. Profits per partner stood at £644,000, ahead of Jones Day’s global profits per partner figure of £529,000.

Jones Day’s 11 London partners contributed £20.5m of a £513m global turnover.