Foley & Lardner, the Milwaukee-based firm with revenues of $665m, is one of two firms on a shortlist being discussed by the executive committee. When the partnership gets its chance to decide on its preferred partner firm, the next stage will be due diligence, a procedure that could take several months.
Open options
But Eversheds refuses to be drawn on details. A spokesperson said: 'While we appreciate that there will be speculation on our progress, a number of options remain open to us and until we are clear on the way forward it would be wholly inappropriate to comment further.' Source: Legal Business
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