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Eversheds Sutherland: Merger creating new £600m transatlantic law firm goes live

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*New law firm merch alert*

Lead12

The transatlantic merger between UK-based international outfit Eversheds and US law firm Sutherland Asbill & Brennan has officially gone live today.

Eversheds Sutherland — a new legal powerhouse boasting revenues in excess of £600m — will have 2,300 lawyers across 61 offices in 29 countries. Both firms announced the tie-up back in December following a successful partner vote.

Prior to today’s merger going live, Eversheds — which offers around 50 training contracts annually — had a healthy profit per equity partner (PEP) of £742,000. Scoring As for training, partner approachability, quality of work and peer support in Legal Cheek’s 2016 Trainee and Junior Lawyer Survey, it will be interesting to see what impact the merger will have on this year’s results.

Over in the United States, Sutherland Asbill & Brennan, which posted a 2015 PEP of $1.02 million (£816,000), is much smaller than its UK counterpart. With just 425 lawyers, the firm had, until today, just eight offices across the globe, including Washington, New York, Geneva and London.

Commenting on today’s global launch, Eversheds’ chief executive Bryan Hughes — who will be part of a new six-strong global management team — said:

I am delighted that, with the creation of Eversheds Sutherland, that vision finally becomes a reality. Sutherland shares completely our approach to the creation of meaningful long term relationships with clients to deliver the very highest levels of service. We are very much looking forward to working together, collaborating as equal partners to create a new and powerful offering in the legal sector.

And perhaps the most important upshot of all (in Legal Cheek’s humble opinion anyway) is the new law firm merchandise.

No doubt it will be coming to a law fair near you in 2017.

For all the latest commercial awareness info, and advance notification of Legal Cheek’s careers events, sign up to the Legal Cheek Hub here.

38 Comments

:/

Its NQ salary is still under £65,000.

(23)(1)

Bloated Eversheds equity partner

It’s £64k at the moment, that should be enough. Now get back to work!!!

(20)(0)

Anonymous

This schtick is really getting old.

(0)(14)

Bloated Eversheds equity partner

What are you doing on LC?! Get back to your desk and keep billing, goddammit!!!

(15)(0)

Anonymous

Eversheds is a sweatshop, as anyone who has worded there can attest to.

(21)(3)

Anonymous

*worked

Damn dirty autocorrect

(6)(2)

Anonymous

So you don’t make typos but neither do you proofread.

(4)(3)

Anonymous

That’s all the LC comments seem to be able to come up with at the moment. Any firm that isn’t MC or SC is coined a “sweatshop”. Get your head out of your ass please, I highly doubt you’ve managed to get a TC anywhere

(14)(19)

Anonymous

Wrong. I got a TC years ago and am now 5 years PQE \o/

I don’t work at eversheds though, because I’m not a masochist 😉

(15)(1)

Anonymous

Oh good for you. I for one am an equity partner at A&O and I have also been knighted.

See how easy it is to lie behind anonimity? Yeah I don’t believe you are anything above an LLB student mate. Especially the way you slate other firms.

(11)(10)

Anonymous

Would you like some vinegar on that chip mate?

Anonymous

Unoriginal comment.
If you didn’t invent it and its not your first time using it, you’re sad.

Adam Deen

This post has been removed because it breached Legal Cheek’s comments policy.

Anonymous

This post has been removed because it breached Legal Cheek’s comments policy.

Adam Deen

This post has been removed because it breached Legal Cheek’s comments policy.

Ex Eversheds employee

I can attest. Nasty nasty firm full of socially inept pricks who would sacrifice their first born baby to screw you over.

(16)(2)

Anonymous

Because you put it in your name that means it’s true? Lol

(0)(5)

Adam Deen

Hi Eversheds HR lady! You’re up working late today!

(3)(0)

Adam Deen

By the way, do you have any jobs going? Would love to join a magic circle firm like yours!

Anonymous

care to spill the beans then…?

(0)(0)

Anonymous

Very stingy, couldn’t even afford a new logo and brand?

(3)(2)

Ex Eversheds employee

That’s Eversheds through and throug

(7)(0)

Anonymous

That coffee has got quite a head on it.

(3)(0)

Plymouth llb

Hey guys can I get a tc at the shed?

(0)(0)

Anonymous

Probably not, best try for KWM instead.

(10)(2)

DWF blozza Bazza

Or Irwin Mitchell. Rumours have it anyone who’s literate and can count from 1 to 10 can make top of equity in three months.

(4)(0)

Anonymous

Unoriginal comment.
If you didn’t invent it and its not your first time using it, you’re sad.

(0)(10)

Anonymous

Well done in bagging a TC at Irwin Mitchell mate, mumma must’ve been proud.

Anonymous

Well done bagging a TC nowhere. Have fun being a failed LPC student working in KFC. I’ll have fries with that by the way.

Adam Deen

You wouldn’t last at Jones Day for one minute you gimp.

Anonymous

I would not want to work in that facist hellhole anyway so good for me.

Adam Deen

Haha, me and the other boys in the post room would show you a thing or two. Come downstairs and see us.

Top dolla associate

Lol, Eversheds is the pits.

I work at top firm Addleshaws and I’m making it rain baby.

(4)(2)

Anon

Been at Eversheds for a year and a half. Mid-level associate, now joining a US, so happy to be leaving. Eversheds has surgically removed any joy from the practice of law and treats its associates (and junior partners) like call centre operatives. Some good people but overall a dystopic vision of the future of mid-matrket lawfirms. Merged with who?

(8)(1)

City soothsayer

Sutherland was a relatively reputable, mid-sized (in US terms) law firm with a number of strong practice areas in Atlanta and several US cities.

This merger might actually work out well for the two firms, as unlike KWM or the proposed merger of Greenberg Traurig with BLP (still lol’ing at that), the two shops are somewhat equal. Time will tell.

(5)(0)

Anonymous

it’s not a merger.

(0)(1)

Anonymous

Oh? How so?

(0)(0)

Anonymous

Its a ‘combination’ to circumvent US tax regs.

(0)(0)

Comments are closed.