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Simmons and Mayer Brown merger talks: round two

There simply are not enough Simmons partners with a book of business big enough to generate the revenue required to produce the level of PEP of MB. If the merger goes ahead the Simmons partners will suddenly find their targets increased substantially and the removal mechanism (which currently in Simmons has the result of making it hard to remove non-performers) will be changed. Inevitably there will be a large number of partners not up to the job and out of a job. There simply is nothing special about Simmons. They are Volvo lite.

23-Jun-2010

2:21 pm