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Norton Rose puts US high on agenda

It is exactly because NR knows it is NOT a Magic Circle firm that it is broadening its horizons in the way mentioned in the article. The theory used to be "Hey, we're a top 10-15 UK firm, so we ought to be able to merge with a top 10-15 US firm". That led to a decade of wasted discussions with US firms with PEP well in excess of a firm like NR. NR has wised up and realised that there are plenty of so-called "regional" (i.e., not New York) US firms that are actually pretty healthy potential merger partners.

3-Sep-2009

3:23 pm