Summary: In overwhelming agreement, Eversheds and Sutherland partners voted to merge their firms into one.
The partners are Eversheds and Sutherland voted to merge their firms. The combination will advance their shared goal to give their clients top quality service around the globe. A potential merger between the firms was announced at the end of November.
The firm will be known as Eversheds Sutherland starting February 1. Each firm will be equal members in the new firm with joint CEOs leading a six-strong global management team with a global Board of ten made up of equal numbers from both firms. There is no big internal structure changes planned in either firm.
Eversheds Chief Executive Bryan Hughes said, “Our strategic desire to have a platform in the U.S. has long been public record. The challenge has been finding the right firm, particularly one that shares the same vision as us and is a strong cultural fit. In Sutherland, we have found that firm. Eversheds Sutherland will give each firm’s clients a truly global platform, including strong U.S. coverage. The feedback from colleagues and clients has been overwhelmingly positive, with many opportunities already identified, and we are very confident that this will be a great outcome for our clients and our people.”
Sutherland Managing Partner Mark Wasserman said, “With this exciting combination, we will be able to offer clients of both firms the highest quality service and support around the world for their most important business opportunities. Over the past months, we have had the opportunity to get to know our colleagues at Eversheds well. Both firms are focused on providing innovative, effective and efficient service in a changing global environment while maintaining cultures that value diversity, involvement in our communities and the importance of caring for our people. We look forward to building on the success of both firms as we work together for the future benefit of our clients and colleagues.”
They will now have 2,300 lawyers spanning a global footprint of 29 countries and 61 offices. Their new numbers will put them in the top 10 in the UK and in the top 40 in the U.S. and globally.
Do you expect to see a lot more mergers this coming year? Tell us in the comments below.
To learn more about law firm mergers, read these articles:
- Law Firm Merger Numbers Rose in 2015
- 2015 Busiest Year Yet for Law Firm Mergers
- Law Firm Mergers on the Rise
Photo: dailyreportonline.com