Sentences with phrase «verein structure»

Just ask Dentons whose recent disqualification in a well - publicized ruling by the Chief Judge of the U.S. Court of International Trade cast a harsh light on the verein structure and the susceptibility of its members to conflicts.

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

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

Eversheds and Wragges opted against the verein structure for their recent mergers — could its popularity be coming to an end?

The merger, which follows six months of negotiations, uses a Swiss verein structure, which allows for separate regional profit pools and accounting while sharing strategy, branding, and other core functions.

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.

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.

The office, which will go live on 1 May, will operate under a Swiss verein structure.

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.

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

Not exact matches

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.

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.

(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.)

DLA Piper is structured as a Swiss verein and as such retains separate finances between its U.S. and international arms.

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.

Assist on the structuring of the combination whether by a full economic merger or a verein type structure.

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.

(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.)