This year has seen a healthy increase
in law firm mergers in the U.S., with statistics showing that mergers increased 79 % from...
And there are no significant economies of scale
in law firm mergers despite the persistence of this argument.
This month I want to share recent stories that I've seen with respect to consultants
in the law firm merger space.
com Harwood Hutton Provides Financial and Tax Advice
in Law Firm Merger Harwood Hutton played a key role in the # 20m merger between Iliffes Booth Bennett Solicitors (IBB) and Turbervilles Solicitors which came into effect on 1 January 2018.
Not exact matches
Boutique
law firms Borrello Legal and Graham & Associates have joined forces, with principal partner Mark Borrello saying the
merger would provide a solid platform to establish the company as a leader
in property, commercial
law, and dispute resolution.
Joel joined the
firm in 2002 to learn the ropes, and only after spending some time as an associate at Toronto
law firm of Osler, Hoskin & Harcourt where he specialized
in mergers and acquisitions.
According to Volker Geyrhalter, a partner at
law firm Hogan Lovells, the uncertainty surrounding the U.K.'s decision to leave the European Union didn't have an impact
in driving the
mergers on the European continent.
Prior to Marriott, Sorenson (whose first name is pronounced «Ar - nee») was a partner at the
law firm Latham & Watkins
in D.C., where he specialized
in merger and acquisition litigation.
Though some dealmakers have hoped that antitrust regulation would ease under President Trump, regulators have not adopted radically looser approaches to examining
mergers, according to Norman Armstrong Jr., a partner at the
law firm King & Spalding who specializes
in antitrust.
Since 2008 the
Firm was one of the leading U.S.
law firms involved
in each of the IPO, SPAC, Registered Directs / PIPEs and Reverse
Merger industries.
Posts cover breaking news about large
law firm mergers, significant partner moves and leadership changes,
law firm bankruptcies, insights into how technology is changing the delivery of legal services, how
in - house counsel are approaching their work and the ways
in which litigation and new regulations are changing the legal business landscape.
Dentons is now comfortably the world's largest
law firm by headcount, with almost 7,500 lawyers
in 55 countries around the world — a figure that is unlikely to stop rising any time soon, as the
firm continues to secure
merger deals around the world.
Aaron and Sam discuss what this
merger means for other small
firms and what non-attorney ownership means for Conduit
Law and the legal industry
in general.
Already
in Canada, we've seen the Norton Rose / Ogilvy Renault
merger change the local
law firm landscape — there are already several
firms larger than some of the «Seven Sisters,» and Norton Rose OR will surpass them all
in size.
Business
law firm Aird & Berlis LLP is stepping into the world of artificial intelligence to drive efficiencies
in its
mergers and acquisitions and real estate group.
A
law firm merger can lead to growth, but
in the short term it likely leads to some retrenchment due to conflicts or partners who are now tempted to take a headhunter's call.And then there is the post-
merger reality common
in the corporate world, but rarely mentioned
in the legal press: restructuring.
Ademi & O'Reilly is a leading securities class action
law firm based
in Wisconsin that represents classes of investors
in securities fraud,
mergers & acquisitions, and shareholder derivative litigation.
On the Slaw blog, Steven Matthews observes
in this post that the cross-Atlantic
merger between U.S.
law firm Sonnenschein and U.K. - based Denton Wilde Sapte was announced and rolled out by the
firms through an interesting technique: the use of a dedicated «microsite» (http://www.snrdentoncombination.com).
Few observers expect
law firm mergers to stop dominating the headlines
in the legal press any time soon.
Legal Week reported Thursday that
law firm DLA Piper, which will become the largest
in the world following a
merger with its Australian partner DLA Phillips Fox, has distributed to partners a 2011 - 2014 strategic plan that contains an interesting requirement for new clients:
The legal services industry is increasingly a global marketplace, fueled by more cross-border
law firm mergers this year and continuous innovation
in the application of technology to the practice of
law.
Prior to joining Willoughby & Hoefer, Chris worked for
law firms in Beijing as a member of those
firms» cross-border
mergers and acquisitions and international arbitration teams.
Partners at Norton Rose Fulbright (NRF) will vote on a
merger with Australian
law firm Henry Davis York within the coming months, after both
firms confirmed they were
in late stage discussions.
Akerman LLP, a top 100 U.S.
law firm serving clients across the Americas, was once again recognized by leading legal guide Chambers & Partners as one of the nation's most prominent
law firms in middle market
mergers and acquisitions, and for complex work within the financial services and real estate sectors.
The
firm earned national recognition
in the 2017
Law360 400 ranking of the largest U.S.
law firms, which showed Goldberg Segalla to be the
firm growing the fastest without taking part
in a
merger.
Over the past two decades Jon has placed scores of partners and practice groups at many of the world's top
law firms and assisted
firms in merger and branch office acquisitions.
Pay special attention to coverage of recent developments
in law practice such as
law firm break - ups,
mergers, and movement of lawyers from
firm to
firm and reports on
in - house developments.
Barry said many
law firms with a portfolio of clients across multiple jurisdictions had looked to grow and keep key clients either by entering into
mergers with other
firms or investing
in business development.
Before becoming a barrister, Stephen had extensive experience as a solicitor at major City
firms in public and private
mergers and acquisitions (both domestic and cross-border), corporate
law, acquisition financing and infrastructure
When
law firms merge, professional development leaders can have a significant role
in ensuring that the
merger succeeds.
The
law firm of Sell & Melton was formed
in 1980 by the
merger of two prominent Macon
firms: Sell, Comer & Popper and McKenna, House, Lancaster & Green (which had been Melton, McKenna & House, until Buckner F. Melton, Sr. was elected
in 1976 to be the Mayor of the City of Macon).
In the latest Canadian
law firm merger move, mid-size Bay Street shop Aylesworth LLP is being folded into the Toronto affiliate of Michigan - based Dickinson Wright PLLC.
Equity partner headcount among the UK's 50 leading
law firms grew by 3.7 % across the group
in 2013 - 14, with the impact of global
mergers helping to bulk out the numbers.
Partners at the three
firms took part
in a conference call earlier this morning, setting out the potential path to one of the biggest UK
law firm mergers in recent years.
According to ABA data, 82
law firm mergers were approved
in 2014 alone, reflecting the larger trend of a shrinking legal services industry that eliminated 1,400 jobs
in the first month of this year.
The
firm also worked with Webber Wentzel and Freshfields Bruckhaus Deringer
in providing competition
law advice
in relation to
merger proceedings across other parts of Africa.
The
firm was engaged by AB InBev to advise on the commercial
law and regulatory aspects of the deal
in various African jurisdictions, with a focus on securing
merger approval
in South Africa.
Following the
merger of the
law firm I was with, I was head hunted by a competing
firm to continue the work I had done
in building a global immigration practice.
Merger and acquisition are top management priorities for midsized
law firms in the wake of the Legal Services Act 2007, research shows.
Shoosmiths has sealed a
merger with Belfast
law firm McManus Kearney, handing the UK top 40
firm its first presence
in Northern Ireland.
Two thirds of partners think 2018 will be a better year for UK
law firms than 2017, according to a new survey which also reveals partners are expecting an increase
in mergers in the UK market.
«
Law firm mergers are a fact of life
in today's economy,» says panelist Todd Erich Bennett, who has been through two major
mergers that led to Thelen Reid & Priest forming
in late 2006.
Based on the news last week that Pinsent Masons is
in merger talks with Scotland's largest
law firm, McGrigors, it seems the answer many
firms still hit upon is to grow.
In «Rumors Fuel
Law Firm Merger Mania,» she reported:
The Johannesburg - headquartered
law firm has made a double raid on international
firm Norton Rose Fulbright (NRF) for dispute resolution partner Bonnie Steyn
in Cape Town and
mergers and acquisitions partner Zano Nduli
in Johannesburg.
It's clearly a sensitive subject: of the 12 leading Canadian
firms The Am
Law Daily approached
in relation to international
mergers, only two others — Blake; and Davies Ward Phillips & Vineberg — would comment.
Eversheds is considering
mergers in both London and the US as part of an ambitious three - year strategy intended to reposition the
law firm as a credible global player.
The
firm: Bélanger Sauvé was formed
in 1967 by the
merger of two Montreal
law firms dating back more than 50 years.
While this is bad for business, Calgary
law firms are seeing an increase
in the
merger and acquisition, bankruptcy and insolvency, tax, banking, and financial work they are doing.
The UK's top 50
law firms have grown their partner ranks by almost 6 % during the past financial year, fuelled by major
merger deals and partnership expansion
in the face of an uncertain market.