United States: Jones Day Gouldens Merger Confirmed
Transatlantic Combination to Meet Client Need for Global Legal Services
Last Updated: February 10 2003

The international law firm Jones Day and the leading City of London firm Gouldens announced that they will merge their practices, effective February 8. Jones Day and Gouldens share the same worldwide vision and values and they have similar organizational structures and practices. The firm initially will practice under the name Jones Day Gouldens in London.

Jones Day, one of the world's largest law firms, provides integrated legal services on a global basis. Jones Day was founded more than 110 years ago and has more than 1850 lawyers based in 27 offices around the world. Gouldens is a long-established leading City of London law firm with more than 150 lawyers. Gouldens is more than 100 years old and enjoys an excellent reputation for the quality of its lawyers and services. As a result of the merger, Jones Day will have more than 2000 lawyers, making it the sixth largest law firm in the world.

Jones Day's London office will have more than 200 lawyers and will provide a full-service English law capacity, including corporate and commercial, mergers and acquisitions, finance and banking, real estate, tax, litigation and intellectual property. The London office will count among its clients an impressive array of UK-based companies, US-based companies and many other international clients. Nearly all of the 200 lawyers in London are qualified solicitors and several are UK/US dual qualified. The London office will be one of Jones Day's largest and will provide a strong base for the future development of the firm's London practice as an integral part of the global law firm.

Russell T. Carmedy, Joint Managing Partner of Gouldens, will become the Partner-in-Charge of the London office. He will be assisted in this role by Charters Macdonald-Brown, Gouldens other Joint Managing Partner and Robert L. Thomson, Partner-in-Charge of Jones Day London.

Stephen J. Brogan, Managing Partner of Jones Day, commented, "For a number of years, we have focused on increasing the quality, scope, breadth and scale of the successful practice we have established in London. We concluded that it would be desirable for Jones Day to combine with Gouldens, an established and successful London law firm that shares our vision and values."

Mr. Thomson said, "Gouldens are a very successful, well-run firm with values similar to those of Jones Day. We see this as a merger of quality and talent. We look forward to working together to develop the firm's London and international base."

Added Mr. Carmedy, "This is an excellent merger for both firms. Client needs are increasingly international. The merger significantly enhances Jones Day's ability to meet those client needs."

Jones Day has offices in key financial, commercial and regulatory centers of the world. There are 12 offices in the United States (Atlanta, Chicago, Cleveland, Columbus, Dallas, Houston, Irvine, Los Angeles, Menlo Park, New York, Pittsburgh and Washington, D.C.), 7 offices in Europe (Brussels, Frankfurt, London, Madrid, Milan, Munich and Paris) and 8 offices in Asia (Hong Kong, Shanghai, Singapore, Sydney, Taipei, Tokyo and, through an associate firm, Mumbai and New Delhi). The firm has announced its intention to open an office in Beijing in the Spring.

Jones Day acts as principal outside counsel to, or provides significant legal representation for, more than half of the Fortune 500 companies, as well as to a wide variety of other entities and individuals. Surveys repeatedly list Jones Day as one of the firms most frequently engaged by US corporations and many of the firm's lawyers have achieved national recognition in their disciplines. Jones Day was ranked number one for client service in a survey of 200 Fortune 1000 corporate counsel; it was named Litigation Department of the Year in 2002 by the American Lawyer; and it was ranked sixth in Corporate Board Member Magazine's list of America's Best Corporate Lawyers. Thompson Financial ranked Jones Day number one in M&A for the number of deals completed worldwide in 2000, 2001 and 2002.

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