Sentences with phrase «verein firms»

As an advert for the merits of verein firms, King & Wood Mallesons is not doing a great job right now.

In the seven years since US firm Hogan & Hartson joined forces with the UK's Lovells, the combined firm has taken a very different path from other verein firms such as Dentons and Norton Rose Fulbright, which were both formed at around the same time.

Not exact matches

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity.

«There were obviously synergies, but most importantly there was a feeling that we both wanted to practise as one firm and not be a verein.

The firm will now have more than 4,000 lawyers, though the U.S. and international partnerships — while operating under the same management — are technically separate and run under a Swiss verein structure.

Add in established alliances, like that of Linklaters and Webber Wentzel, and vereins like Norton Rose Fulbright, whose legacy firm Denys Reitz was well known in this area, and the ever - expanding Dentons, and that gives a flavour of the event.

The Swiss verein structured firm has launched a number of initiatives to improve integration across all of its offices

As ALM's Chris Johnson and Rose Walker put it in their recent feature, a verein is: «A holding structure that allows member firms to retain their existing form.

It will be structured as a Swiss verein, with SASPI adopting the Fieldfisher brand name and the two firms maintaining separate profit pools.

I had meant to take on something a bit less dry today, but here I am again on the scintillating subject of law firm mergers structured with Swiss vereins, or, if you strip away the jargon, unions that maintain separate profit pools.

At some point, clients have to wonder how much difference truly exists between a well run network and a Big Law firm Swiss verein in terms of branding, global reach and sophistication.

At the end of last year the national firm set up a Swiss Verein structure, named Cobbetts International, with the intention of forming associations with overseas legal practices.

Vereins now account for five of the world's 15 largest law firms by revenue, according to The American Lawyer «s Global 100 survey — including three of the top six.

Discussions between the two firms had taken place during the past few months, led by the US firm's chair Jami Wintz McKeon and KWM global managing partner Stuart Fuller, with a multi-profit centre union using a Swiss verein structure one option under consideration.

According to Seidel, DLA Piper will operate on the Swiss Verein model with the firms retaining their own profit centres.

The Swiss verein, which allows firms to combine more easily and retain their existing forms, has been adopted in almost every major cross-border law firm tie - up of the past decade, including those that created Dentons, DLA Piper, Hogan Lovells, King & Wood Mallesons, Norton Rose Fulbright and Squire Patton Boggs.

The firm said in a statement on Monday (21 November) that management of the legacy SJ Berwin business is considering a range of options — including a merger — after just 21 partners came out in support of the rescue plan, which would have secured the partnership's position within the global KWM verein.

The move, which follows a partner vote in favour of raising capital contributions last month, does not include the UK partnership or any other part of the verein - structured firm.

Coleman said the firm will continue to operate using the verein structure and operating under a global executive committee.

DLA Piper has added 150 - lawyer Danish firm LETT to its Nordic verein, following the addition of Finnish firm Peltonen LMR last year.

The deal, which takes effect as of 1 November, combines one of Canada's top IP firms into the 3,756 - lawyer Swiss verein that is DLA Piper.

Likewise, the new global firms are typically opting for a Swiss Verein structure, meaning that the underlying national business constructs remain fundamentally intact.

So far this year, the firm has opened an office in Puerto Rico, merged with Sweden's Groenberg and set up a Nordic verein with offices in Sweden, Norway and Finland.

It also merged with Finnish firm Peltonen LMR, which joined the verein as DLA Piper Finland, in addition to its existing office in Oslo — DLA Norway.

Fieldfisher has merged with Beijing boutique JS Partners under a Swiss verein, making it the latest international law firm to gain Chinese law capability.

A lot of US firms have the verein model, and are more of a loose confederation, whereas we are tightly knit.

(This will be followed in 2012 by the recent wave of trans - Atlantic mergers — Hogan Lovells, SNR Denton, and Squire, Sanders & Dempsey, which merged with U.K. firm Hammonds on January 1, 2011, but has retained its name — which are also structured as vereins.)

These legal versions of roll - ups have two basic forms of economic structure: unified profit - sharing or, in the case of Swiss vereins, member firms retain their own balance sheets.

The new firm, structured as a Swiss verein, is expected to go live in July.

Many clients working on cross-border matters are indifferent as to the legal structure their law firms operate in, whether that be a fully financially integrated international firm, a Swiss verein (which is effectively an association of law firms operating under a common brand and with a level of management and strategic co ordination, but usually without full profit - sharing between the member firms), an association, a network or a best friends arrangement.

One structure largely unique to large multinational law firms is the Swiss Verein, pioneered by Baker & McKenzie in 2004, in which multiple national or regional partnerships form an association in which they share branding, administrative functions and various operating costs, but maintain separate revenue pools and often separate partner compensation structures.

But some critics suggest there will be a limit to the possibilities for integration because the various firms in the Dentons mix won't be sharing profits; rather, they'll continue to operate on the Swiss Verein model, an approach that allows member firms to join internationally under a single brand without sharing revenues or profits and thereby maintaining their independent status for liability and regulatory purposes.

(Like Baker & McKenzie and the recent batch of transatlantic mergers, the firm is organized as a Swiss verein — essentially a holding structure that lets participating entities maintain their existing forms.)