The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Allen & Overy is understood to be in merger talks with leading Paris banking firm De Pardieu Brocas Maffei & Associes in a bid to catch up with its City rivals in France.
A source close to the negotiations said A&O's ten-lawyer Paris office would merge with nine-partner De Pardieu in September if the City firm was happy with De Pardieu's finances.
If the deal does go ahead it will be the first time a City firm has merged with a Paris practice.
It will also bring to an end A&O's seven-year association with leading Paris firm Gide Loyrette Nouel and could scupper its link with Benelux firm Loeff Claeys Verbeke. De Pardieu is allied to Frankfurt firm Punder Volhard Weber & Axster and Loeffs is in merger talks with another German firm.
A&O has a long-held ambition to establish a strong French banking practice, but it has been frustrated by a rocky relationship with Gide.
As The Lawyer revealed in May, relations between the two firms have soured over A&O's insistence that it be allowed to recruit French-qualified banking lawyers.
At the time, A&O spokesman James Broomfield said both firms would benefit from strengthening its Paris banking practice.
However, The Lawyer understands that A&O has become increasingly frustrated with Gide. A source said it had an "outdated" management structure.
Xavier de Roux, senior partner of Gide, said the firm was prepared to continue its link with Allen & Overy for the time being, but would cut its ties as soon as anything substantive was announced.
Ironically, his firm has just appointed non-lawyer Pascal Richon to the new position of managing director of the firm in a bid to modernise its management.
A&O denied it was talking to De Pardieu and the French firm refused to comment.