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K&L Gates chief blasts Norton Rose's 'Noah's ark' mergers

Simple Simon is right - even the Magic Circle have to use particular entities in certain jurisdictions. Linklaters in Sweden, CC in Italy etc. The issue is whether partner share the same profit pool. As I understand it K&L Gates only operates one profit pool so Kalis is no hypcorite. And to those pointing to the accountancy firms - oh the irony! The fact is that the accounting firms are all ditching the verein model! Just look at how E&Y has merged its European firms into one. E&Y did this because the verein model is too tolerant of different service levels, cultures, quality etc. Why should or would a partner in Calgary or Cape Town put himself out for a partner in London or Sydney when he doesnt share upside or downside with that other partner?

16-Nov-2010

7:15 pm