Categories:Europe

Herbert Smith reviews future of European alliance after failed merger bid

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  • Go on Gleiss! Angela Merkel would be proud!

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  • What a mess. You only have to look around the profession to know that in order to grow you need an international base and Herbies has closed itself off to it. There is no point scratching heads and pointing the finger, what people really want to know is what is going to happen? Can Herbies compete on an international platform?

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  • I wish peopel would just come out and say what was really going on instead of all this PR speak

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  • "Business as usual" - i.e. Herbies and Gleiss partners not talking to each other?

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  • Ditch them and do a US merger. Fast. The current situation is a strategic disaster.

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  • "Ditch them"? Sounds to me like Herbies has just been ditched ...

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  • Oh dear. Sounds like the discussions with Cuatrecasas a few years ago.
    If you were HS, who would you merge with in the US?

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  • The sad, but unavoidable conclusion is that Gleiss and Stibbe might have done a deal if Herbert Smith was a leading firm and not a third tier firm in corporate.
    And there is also no reason for a continental firm to do any sort of merger with a London operation at the moment when the latter are only going to suffer over the next two years.

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  • PtL: you've hit the nail on the head and it also shows how utterly clueless HS senior management are even to have broached this at this point in the (corporate law) economic cycle.

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  • A firm like Sheaman & Sterling would be a great fit for Herbert Smith, they would provide coverage in the US and Germany, and greater weight in corporate and banking.
    Herbert Smith at present is too litigation heavy, too London heavy, with zero platform in North America and an 'alliance' platform in continental Europe which cannot be integrated. It is also increasingly sub scale overall compared to the leading firms.
    Bold action is required to prevent this firm being rapidly consigned to mediocrity.

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