X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Berwin Leighton Paisner (BLP) is taking advice from fellow U.K. firm Macfarlanes in relation to its proposed tie-up talks with Bryan Cave.

A Macfarlanes media representative confirmed that the firm is advising BLP, but stressed that it is not playing a prominent role in discussions. Macfarlanes is no stranger to law firm mergers, having previously advised on Slater & Gordon’s takeover of Russell Jones & Walker in 2012 and a 2015 union between British firms Irwin Mitchell and Thomas Eggar.

It emerged last week that BLP and Bryan Cave, which had been targeting a January date to complete their own combination, had hit a snag due to tax issues related to their desire for full financial integration in any deal. Global accounting giant Deloitte is also advising on the tax structure of the proposed merger between both firms.

“I think we are hoping to hear more [about the tax situation] before the end of the month,” said one BLP partner, who requested anonymity when discussing firm matters. “It should be imminent. People want to get on with it.”

Despite the delay, the unnamed BLP partner stressed that their firm and Bryan Cave still want to push ahead with a one-firm structure, rather than a looser form of affiliation, such as the Swiss verein or company limited by guarantee.

A source at Bryan Cave also said that they expected to be updated on the status of the delay in finalizing a deal by months’ end.

If the merger goes ahead, it will create a 1,500-lawyer global firm with combined revenues of roughly $1 billion, along with 32 offices in 12 countries around the world. The internet domain name www.bryancaveblp.com was registered anonymously on Oct. 12, only a few days before both firms officially acknowledged their merger talks. Another website name, www.blpbryancave.com, was registered later that month.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.