News US & The Americas Law firms Proskauer hitch fails to dent SJ Berwin’s American dream By The Lawyer 5 June 2011 00:00 17 December 2015 14:52 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 6 June 2011 at 13:12 A Proskauer-SJ Berwin merger does make strategic sense but I will believe it when I see it. Reply Link Anonymous 7 June 2011 at 12:43 Who else would be in the picture, on the US side? Reply Link Alan Day Volkswagen 7 June 2011 at 13:09 @Anonymous | 7-Jun-2011 12:43 pm This should help….I have it on good authority that Wachtell, Lipton, Rosen & Katz is on the hunt – only a matter of time before SJB seals the deal. (Wachtell’s $4.3 PEP is understood not to be a problem as SJB are clearly on the up and up.) Reply Link Anonymous 7 June 2011 at 13:22 @Anonymous | 7-Jun-2011 12:43 pm My money is on Fried Frank. They are really weak in the UK and their key UK corporate partner has just left to go to Milbank. FF were pretty close to merging with Ashurst a few years ago if I recall, so they are on the lookout. SJ Berwin adds up from an FF point of view because it is like a US firm merging with a European firm. SJ Berwin are strong in UK where FF have nothing – corporate / litigation and comp / property finance. FF are one of strongest property firms in US so can you imagine if they linked with David Ryland’s team. FF would bring some major US finance clients to the table for SJ and then would be able to get them to hand over more UK work which currently goes to MC firms (e.g. GS / Morgan Stanley / JPMorgan). If this happened it would dent MC firms big time and there is a case for saying that SJ Frank would be a beast of a firm. Reply Link Anonymous 7 June 2011 at 13:53 Wachtell’s $4.3m PEP is “understood not to be a problem as SJB are clearly on the up and up”. Is this a joke? SJB may have put in a good performance in getting its PEP up, but even at the height of 2007 its PEP was £850k – still a MASSIVE gap away from Wachtell’s PEP. If Wachtell were looking for a merger partner then wouldn’tI they go for a Travers/Macfarlanes type firm (small, high PEP, good clients, stable). I do however agree with the comments relating to FF. The merger with Ashurst fell through apparently due Ashurst being unable to concede enough ground/control. With SJB they seem more inclined to make those sacrifices. Either way, it certainly is interesting times for SJB. Reply Link Alan Day (Psychedelic) Volkswagen Camper Van 7 June 2011 at 15:00 @ Wachtell’s $4.3m PEP is “understood not to be a problem as SJB are clearly on the up and up”. Is this a joke? Absolutely not………..(alright, it is, you got me, you fell for it though….but are you smoking ‘shrooms? Wachtell and Travers………..???? That’s even more insane that with SJB.) Reply Link Anonymous 7 June 2011 at 15:55 Goodwin Procter or Nixon peabody are more likely merger partners. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.