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Proskauer funds team to drive SJ Berwin talks

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.

10-May-2010

11:14 am