Olswang has moved to rebuild its US coverage after the collapse of its Greenberg Traurig relationship by forming a non-exclusive alliance with technology firm Cooley.
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Olswang chief executive David Stewart admitted the relationship was still at “a very early stage” but said contact between the two firms was likely to gather pace over the coming weeks.
That process would feature shared business plans produced by the two firms’ practice groups and a structured approach to developing relationships, Stewart said.
Cooley is best known for its technology and life sciences practices. It also has well-regarded banking, litigation and bankruptcy practices in New York.
Olswang’s relationship with Greenberg Traurig effectively ended when the US firm hired former Mayer Brown co-vice chair Paul Maher to launch an office in London.
While that relationship was also an alliance it had been tacitly understood that the door would be open to a merger eventually.