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Simmons and Mayer Brown merger talks: round two

There are a couple of very good reasons why the merger will appeal to most S&S partners. Firstly, MB's PEP is about £200,000 higher than PEP at S&S (which has lagged its peers in this regard for years - anyone remember 3 or 4 years ago when it was sub-£300k?). Secondly, with the sheer scale of MB will allow greater investment in some of the overseas locations where S&S is underweight. S&S simply don't have the critical mass to recruit the right people and compete at the level they want to compete at - MB's money will change that to an extent. Of course, neither of these things addresses the desperate need for some corporate big-hitters in the S&S London office, and I'm not suggesting that a merged firm will suddenly have the quality to worry the top tier firms.

22-Jun-2010

5:51 pm