Fears that Taylor Wessing’s U.K. arm was planning to tap outside investment under the U.K. Legal Services Act (LSA) prompted the firm’s French arm to enter breakaway merger talks with U.S. practice Nixon Peabody, it has emerged.

Taylor Wessing managing partner Michael Frawley said Wednesday that the belief that its U.K. partnership was intent on using the LSA to gain outside capital led to its Paris office entering the merger talks, which are now at the heart of a high-stakes legal battle.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]