The Lawyer’s newest product is the most comprehensive overview of the Asia-Pacific legal market yet produced. With rankings of the top 100 local law firms by lawyer headcount as well as analysis of the leading 50 international players in the region, it is essential reading for anyone interested in the strategic future of the world’s fastest growing legal market
Sources at Lovells say the merger talks with rated Spanish corporate boutique Albiñana & Suarez De Lezo have been shelved.
The Lawyer reported last December that Lovells and Albiñana had entered detailed merger negotiations and were about to discuss remuneration and corporate governance.
However, a Lovells source said last week that Lovells' management now deems Albiñana a "culturally incompatible" merger partner. The source said Lovells still wants a merger in Spain and will now draw up a list of potential partners.
Sources in the Spanish market, however, have indicated that Albiñana was given a deadline of the beginning of this year to agree to a merger.
However, Albiñana partner Carlos Pena denied there have ever been merger discussions. "We're still in a best friend relationship with Lovells," he claimed. Lovells declined to comment.