The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Following the collapse of Coudert Brothers’ merger negotiations with Baker & McKenzie (B&M), Coudert partners yesterday voted to release its partners from their fiduciary duties.
This will allow partners to go to other firms and to solicit clients. The next step is a formal dissolution.
It is understood that following due diligence B&M decided that not enough of Coudert’s offices were attractive enough to warrant a full merger.
After Orrick Herrington & Sutcliffe plundered Coudert’s London and Moscow offices the firm has been examining its options. It dumped its German and San Francisco offices in an attempt to become more merger-friendly. But partners kept leaving. More than 40 have fled during the last five months and a merger deal with B&M was the final option.
A Baker & McKenzie spokesperson declined to comment. Coudert could not be reached for comment.