Mon, 20 May 2013
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K&L Gates chief blasts Norton Rose's 'Noah's ark' mergers
Sounds to me like "The Lawyer" engaging in its usual Daily Mail type hyperbole. I'd wager that Kalis made this comment on an offhand basis in the course of some more general interview and certainly did not refer to "blasting" or "slamming" the NR step.
The decision not to share profits during the "getting to know each other better" phase sounds like a pretty good one to me -- the debacles encountered on the recent spate of scuttled mergers probably stemmed from the inability of the firms concerned to resolve the issue. In the meantme, NR gets a very good foothold in Africa and a place on the North American continent. Fair cop, I'd say.
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