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.
The corporate teams of prospective merger partners Hammonds and Squire Sanders & Dempsey are working on joint client pitches ahead of their proposed tie-up.
The firms first announced they were in discussions three months ago, and sources believe a decision on the merger could go before both firms’ partnerships as early as this week.
One senior figure close to the ongoing negotiations said: “The client pitches have been with existing ones and potential new clients - clients that neither firm would have pitched to before.” The clients are believed to include several private equity houses.
A key part of the merger talks is focusing on the integration of Hammonds’ modified lockstep and Squire Sanders’ purely merit-based remuneration system. Hammonds is likely to adopt the Squire Sanders model, according to sources.
“I think we’re looking at a far more integrated law firm than we’ve seen with other recent mergers,” said one source. “We’re also very much focused on practice group structure, and we still have a lot of work to do in that regard.”
Growth in Asia, and particularly in Hong Kong, is being mooted as a central part of the firms’ strategy if the merger goes ahead, while there could also be growth in Hammonds’ regional offices.