UK frm Taylor Wessing to sell document review business

UK firm Taylor Wessing has announced plans to sell off its document review business. The division, New Street Solutions, was formed in May 2011, and is expected to bring in over £300,000 in revenue in the 2011-12 financial year. The firm has indicated that it may carry out the demerger at the end of 2012, for a sum of around £5m. In other news, Taylor Wessing has ended its alliance with Polish frim BSJP Brockhuis Jurczak Prusak over what the firms are calling a lack of alignment between their international ambitions. The alliance was made in 2009, and was brought to a close last week, though Taylor still intends to focus on the Polish market and the CEE region.

thelawyer.com UK frm Taylor Wessing to sell document review business
Tue, Feb 7, 2012 thelawyer.com