Biglaw, Law Firm Mergers

Foley & Lardner To Leave Eversheds Standing At The Altar

Sorry you got dumped, Eversheds, but it happens to the best of us.

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It was just last week that we brought readers the news of a potential merger between U.S. firm Foley & Lardner and U.K. firm Eversheds. At the time, we noted that Foley was Eversheds’s number one choice for a merger partner, but that “both sides [had] been keeping their talks about holy matrimony rather hush-hush” — and now we may know why.

Jay Rothman, Foley & Lardner’s Chairman and CEO, has called the whole thing off. According to an internal memo that was distributed firmwide last night, Rothman said, “Although from time-to-time during that period there have been preliminary conversations around exploring a more formal affiliation between the two organizations, no decision was ever made by Foley to pursue such an affiliation.”

Rothman went on to state that “a combination or other formal affiliation with Eversheds is not in the best interests of our clients or our firm.” Don’t bother trying to win the firm back with romantic overtures (à la “we’ll de-equitize some of our partners, just for you, baby”), Eversheds, because while Foley & Lardner may someday have the urge to merge, it’s probably not going to be with you. We know it stings, sweetie, but you’ll be okay.

Sorry you got dumped, Eversheds, but it happens to the best of us.

(Flip to the next page to read Foley Chairman Jay Rothman’s memo in full.)

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