SJ Berwin and Proskauer Rose: the talks are over

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  • What a joke. SJ Berwin has suffered a number of departures in anticipation of the merger and months of work have gone into the talks.
    The relative profitability levels of the two firms were known from the start of the process.
    SJ Berwin is unlikely to find another merger partner of the quality of Proskauer and has been left seriously weakened and in crisis.
    Those responsible for this fiasco should lose their jobs, they are beyond incompetent.

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  • What a complete mess.....

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  • SJ Berwin has performed the curious double of allowing too much information for too long to the outside world and too little to the fee-earners at the sharp end of the prospective merger. The whole process has cost the firm partners already, and may cost them more in the medium-term. Next time a merger is lined up, a period of silence will be welcome, indeed essential, from all concerned, if it is to be concluded. The opportunities are not unlimited, and they already may be running out. Proskauer Rose may be bruised, but they'll survive. It's hard to be as sanguine about their UK counterpart.

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  • Can I be the first to make the obvious comment that this was completely inevitable? Any merger talks that drift on for months with no outcome are never going to succeed. I don't envy Rob Day now though.

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