Denton Wilde Sapte and Sonnenschein Nath & Rosenthal merged today, creating SNR Denton, the latest in a string of transatlantic firms to emerge since the recession.
The Lawyer revealed earlier this year that management of the respective firms planned to merge in a bid to create a £500m turnover firm with 1,400 lawyers (26 May 2010), which was subsequently approved by partners (9 June 2010).
The firm will operate as a Swiss Verein with separate member firms in the UK and US. Sonnenschein chairman Elliott Portnoy and Dentons CEO Howard Morris will serve as co-CEOs of SNR Denton, while Joseph Andrew of Sonnenschein and Martin Kitchen of Dentons will become co-chairmen. It is anticipated that after a transition period of three years it is anticipated that the firm will move to a single CEO (2 June 2010).
SNR Denton, which has coverage in 32 countries, marked the day by having all staff dial into an audiocast chaired by the new co-CEOs and co-chairs and by giving staff “goody bags”.