FOLEY & LARDNER — CHAIRMAN & CEO JAY ROTHMAN — MEMO RE: POTENTIAL MERGER WITH EVERSHEDS
As you are aware, there were recent reports in the U.K. and U.S. media speculating on merger discussions between Foley & Lardner and Eversheds.
Given that the rumors in the marketplace have continued, I thought it was important to clarify our status with Eversheds. We have had a mutually beneficial, non-exclusive referral relationship with Eversheds for a number of years. 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. To the contrary, after careful analysis, we have concluded that a combination or other formal affiliation with Eversheds is not in the best interests of our clients or our firm, and we have advised Eversheds that we are not interested in engaging in further discussions on that topic.
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Notwithstanding that decision, we remain committed to our strategic objective of expanding the global reach of our firm to better serve our clients. We will keep you updated as that process continues.
Foley & Lardner, Eversheds Won’t Pursue Combination [Am Law Daily]
Earlier: Holy Moly! A Gigantic Transatlantic Merger For Foley?