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Wednesday, November 4, 2015

Merger mania, paying top dollar & performance crackdowns: the best of Legal Week over the last week


Legal Week | Editor's Comment
November 4, 2015
Merger mania, performance crackdowns and paying top dollar: the best of Legal Week over the last week
Wed 4th Nov 14:07

Love it or hate it, given the frequency at which international law firm mergers are normally agreed, Dentons' ability to seal deals is undeniably impressive.

This week saw the firm announce it was close to confirming its third and fourth unions of the year - tie-ups with Rodyk & Davidson in Singapore and Gadens in Australia. If approved, the combinations will boost the ever-expanding firm's lawyer count to more than 7,000, with offices in more than 125 locations across more than 50 countries.

Dentons remains one of only a handful of firms to have achieved a transatlantic merger, but on this front Eversheds is desperately trying to join the club. As we reported last week, the firm is currently in talks with Foley & Lardner in its bid to crack the US.

But while UK firms have historically struggled to make it on the other side of the Atlantic, their US counterparts have fared better at making a splash over here. West Coast firm Cooley is no exception - and the firm's CEO Joe Conroy recently told Legal Week why he will pay top rates to get the right people in the London office it launched this year.

Other big stories from the last week include the news that a number of partners have left White & Case's Warsaw base after it emerged that the firm is cracking down on performance in various locations.

Meanwhile, Herbert Smith Freehills seemingly cannot stop opening offices, with a new Duesseldorf base adding to planned Saudi Arabia and South Africa launches all emerging in recent weeks. Elsewhere, all eyes will now be on Linklaters to see whether the firm's newly elected managing partner, banking head Gideon Moore, will be planning anything similarly high profile.

Other highlights over the last week include:

MoFo boosts City corporate offering with Latham partner hire
DLA Piper co-chief Levine launches remuneration review
Top GCs to score law firms on innovation
Slaughters, Sullivan & Cromwell and Linklaters advise on Standard Chartered's £3.3bn rights issue
'Why do you need 80 offices in Asia?' - partners give mixed reaction to latest Dentons unions
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