Fears that Taylor Wessing's UK arm was planning to tap outside investment under the Legal Services Act (LSA) prompted the firm's French arm to enter breakaway merger talks with US practice Nixon Peabody, it has emerged. Taylor Wessing managing partner Michael Frawley today (6 August) said that the belief that its UK 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.
August 07, 2008 at 01:56 AM
1 minute read
The original version of this story was published on Legalweek
Fears that Taylor Wessing’s UK arm was planning to tap outside investment under the Legal Services Act (LSA) prompted the firm’s French arm to enter breakaway merger talks with US practice Nixon Peabody, it has emerged.
Taylor Wessing managing partner Michael Frawley today (6 August) said that the belief that its UK 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.
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