News Banking and finance Funds US & The Americas Law firms Proskauer funds team to drive SJ Berwin talks By The Lawyer 9 May 2010 00:00 17 December 2015 16:01 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 10 May 2010 at 11:14 A merger would be a great move for both firms strategically. SJ Berwin needs to expand in the U.S. in order to become a top tier firm and organic expansion would be too dilutive to PEP and too slow. Proskauer equally needs to expand in Europe where it is grossly sub-scale. The combined firm will be a global force in funds and will have the resources to then expand in Asia. It is very curious how many law firms make a great deal of their money by advising their clients on mergers but then seem to believe that mergers are a bad thing for them. Many firms seem to even take a perverse pride in the fact that they have never merged. Law is no different to every other sector of the economy – there are economies of scale. Reply Link Jonathan Rifkind 10 May 2010 at 18:05 SJ Berwin seems to be in decline. Goodwin Procter is the best they can hope for. Reply Link Anonymous 11 May 2010 at 10:37 Why in the world would an excellent firm like Goodwin’s want SJBerwin? They could simply pick and choose the finer pieces. Reply Link Anonymous 11 May 2010 at 14:18 Isn’t Goodwin’s corporate and IP practices largely made up of the pices of Testa that Proskauer didn’t want? Maybe Proskauer should cherry pick SJB and Goodwin can take what’s left again. Reply Link Anonymous 11 May 2010 at 16:00 Look at what Goodwin has accomplished after two years in London — absolutely f-all. Still only three American lawyers. Even SJB realise that is pathetic. The Goodwin management can’t even figure out which way to point the plane to get to London Reply Link Anonymous 12 May 2010 at 07:48 Goodwin’s is a good firm, but not knowing where London is does not mean that SJB should be hired to be the guide. Reply Link Anonymous 29 May 2010 at 21:02 For the person who said, “Why in the world would an excellent firm like Goodwin’s want SJ Berwin? They could simply pick and choose the finer pieces.” An ‘excellent’ firm isn’t going to make a stupid decision; otherwise it would be fair to say they were not excellent. Therefore it is fair to conclude that Berwins are a decent option for a tie up, unless of course the person who made this comment knows far better and knows so much that one could infer they work for Berwins. If they don’t work for Berwins what makes them so sure they fully understand their capabilities? Perhaps they are another idiot who thinks they know everything without being personally involved. Reply Link Anonymous 29 June 2010 at 09:40 The thing is that Goodwin Procter has refused to go ahead in merger discussions with SJB in the past. So apparently SJB is not a decent option for an excellent US law firm. The reason for the current merger talks between Proskauer and SJB is their common situation of cash shortfall in Europe, which might be solved by a merger. They simply need money to survive. Reply Link Anonymous 30 June 2010 at 20:48 In response to the question why would anyone want to merge with SJB, SJB has the best private equity funds practice in Eurpose by a considerable distance and it already serves the biggest private equity groups. It completes around 20 private equity deals a year with A&O, its closest competitor on three. Given the chance to put that on a global scale then why would any firm not want to merge with SJB? This leads me onto my next respons to the statement that SJB is in decline. Based on its huge presence in private equity, following a financial crises of this scale, it is always going to decline in these times, along with everyone else. However, as soon as the market picks back up to full speed SJB will continue its unprecedented growth. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.