Mega-mergers, unpaid partners and the end of an era – the best of Legal Week over the last week

Legal Week | Editor's Comment February 23, 2016 Mega-mergers, unpaid partners and the end of an era – the best of Legal Week over the last week Merger talks, aspirations to merge and the fallout from existing combinations have dominated the headlines on Legal Week over the last seven days. Berwin Leighton Paisner is pushing ahead with plans to become the first UK firm in years to pull off a transatlantic merger, moving to the due diligence stage in its talks with Greenberg Traurig. In contrast, Addleshaw Goddard and Scottish firm Maclay Murray & Spens have called off their merger discussions, and we also took a look at merger hopeful Olswang's odds of success.  Mergers of the US variety were also on the mind of outgoing Allen & Overy (A&O) senior partner David Morley in our video interview, in which he discusses everything from his hopes for cracking America, to how A&O has changed in his 35 years at the firm and the changing demands of the next generation. A&O confirmed last week that Morley will be succeeded as senior partner by current managing partner Wim Dejonghe. Also coming to the end of a leadership era is DLA Piper, where global co-chair and international senior partner Sir Nigel Knowles is to step down at the end of April after nearly 20 years at the helm. Elsewhere merged global firm King & Wood Mallesons reported a significant restructuring of its UK practices alongside flat revenue for 2015, as it emerged that the firm's London partners could be paid their distributions on a monthly basis as the firm is still struggling to catch up with quarterly profit payments owed to partners. Other highlights on Legal Week over the last seven days include: Allen & Overy to launch Peerpoint in Australia as it eyes US expansion ITV becomes first in-house legal team to commit to contextual recruitment Hogan Lovells sees 2% global revenue rise in 2015 Gowlings WLG plots two further combinations by 2020 as merger goes live UK firms save £7m in London rent as international rivals' costs increase Standard Chartered's legal cost provisions increase to $115m in 2015 As partner exits mount, will the magic circle pass the test of time in Asia? Freshfields and Bakers cook up Bain’s $3.1bn sale of UK catering company Linklaters sees further partner exits in Asia as duo jumps to Paul Weiss Dentons lands ex-Clifford Chance partner Voisey as City hiring spree continues More stories from Legal Week Legal Week Conferences & Events Legal Week Best Employers Report 2016 Launch Industry Briefing Thu 3rd Mar 2016 - London, UK Legal Week Trust and Estates Litigation Forum 2016 Conference Thu 10th Mar 2016 - Fayence, France Legal Week Independent Law Firms Forum 2016 Conference Thu 17th Mar 2016 - London, UK More Legal Week Conferences & Events Legal Briefings & Resources Use of predictive coding for e-disclosure endorsed by English High Court Key reforms under the amended EU Trade Mark Regulation Jersey jurisdiction: arresting cross-border debts More Legal Briefings & Resources Legal Jobs Healymedd Consultancy: A JUNIOR / MID LEVEL DERIVATIVES SOLICITOR OPPORTUNITY IN A FUND £Competitive Legals 4 Lawyers: Commercial Property Solicitor - North London – Middlesex INRO 50-70kpa Newton Shaw Legal Recruitment: In-house Legal Assistant/Paralegal £18000 - £26000 per annum Additional Benefits More Legal Jobs

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