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Headline

Clydes and Shadbolt lay foundations for merger

Comment

"Merger" - Is that where one firm (for the sake of convenience, we'll call it the "Purchaser") merges with the other firm (perhaps we might call it the the "Seller") in such a way that nearly all the equity partners of the Seller are demoted to salaried, and all its fee earners end up on salaries that are less than equivalent fee earners of the Purchaser? I believe it's called a strategic merger in the legal world.

Posted date

24-Nov-2009

Posted time

10:39 pm

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