Taylor Wessing plans to merge with Winston & Strawn
According to The Lawyer, Taylor Wessing is in advanced talks to merge with Winston & Strawn, which would mean that the British firm would abandon its European verein structure and integrate directly with the US firm. As confirmed by Ecija to Iberian Lawyer, if the deal goes ahead, its alliance with Taylor Wessing would remain unchanged.
This move would represent a significant change in Taylor Wessing’s international strategy, which until now has operated globally through partnership agreements and a network of European firms. Taylor Wessing Germany and France are expected to separate, while the UK LLP would incorporate the Netherlands, Belgium, Ireland and the Middle East under US control.
Transatlantic merger
If completed, the combination would create a new transatlantic player with revenues of approximately $1.6 billion and a team of more than 1,300 lawyers. Taylor Wessing, with more than 1,200 lawyers and a global presence following historic mergers, currently has a turnover of £244.7 million at its UK headquarters. Winston & Strawn, founded in Chicago in 1853, is known for its strength in litigation and corporate practice, with revenues of $1.27 billion and net income of $410 million.
Alliance with Ecija
In 2023, Ecija, chaired by Hugo Ecija, and Taylor Wessing sealed a strategic alliance that allowed the British firm to establish itself in Spain. This collaboration brings together more than 3,000 professionals and 500 partners spread across 62 offices in 32 jurisdictions worldwide. Ecija mainly contributes its presence in Spain, Portugal and Latin America, while Taylor Wessing strengthens its business in Europe, the Middle East and Asia.
Major mergers in the sector
The possible merger between Taylor Wessing and Winston & Strawn is part of a growing trend towards consolidation in the legal market. In recent months, other major deals include the announcement by Ashurst and Perkins Coie that they plan to merge to create the new firm Ashurst Perkins Coie, subject to a vote next month.
