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.
Mayer Brown and Simmons & Simmons have concluded that they will not proceed with a merger following extensive discussions about a possible tie-up.
As revealed by The Lawyer, the firms had held talks earlier this year that later collapsed (7 June 2010). At that point the firms refused to comment to the press or to their respective partnerships.
However, management at both firms subsequently held secret off-site meetings with a view to hammering out a deal and The Lawyer unveiled that Simmons decided to confirm the talks to its partnership (21 June 2010).
Now the firms have released a joint statement confirming that merger discussions did take place but that the firms have decided not to proceed.
The statement said: “Simmons & Simmons and Mayer Brown have held preliminary discussions with regard to the potential for a merger. Mergers are complex and present a number of issues, which need to be resolved before discussions can proceed.
“We have concluded that a combination between our firms is not the right option. There is, however, considerable goodwill and continuing respect on both sides.”
Had it been successful, a deal would have seen the emergence of a £1bn business, with offices in the US, Brazil, Europe, the Middle East and Asia.