Coudert Brothers is in the final stages of merger talks with Squire Sanders & Dempsey.
After nearly five months of discussions, the New York firm is about to embark on a 30-day due diligence process, led by Coudert chairman David Huebner, on its fellow US firm.
According to German magazine Juve, Coudert has been searching for a merger partner since last year and initially identified five potential targets, which were
then honed down to three practices.
It is understood that Coudert believes that a merger with the Cleveland-based firm will allow both practices to elevate their North America and London presence.
Internal sources say Coudert is billing the merger as one of ‘equals’ and has assured its partners that the name of the combined entity, which would be the seventh largest US firm in terms of lawyers, would start with Coudert.
Coudert Brothers is currently in the throes of a 30-day due diligence process after which it hopes to proceed to the final stage of a tie-up with Squire Sanders.