Report this comment to a moderator

DLA Piper seals ‘unique’ Aussie merger

if a uk firm was to merge with an allens arthur robs or a mallesons, this would be big news. But for DLA to merge with phillips fox, is just a further development for DLA in its global mid-market status. Chasing mid market work in local jurisdictions requires skill - a skill that DLA has. It simply fires people when the numbers look bad. But it never helps DLA become a law firm able to advise on major transactions - it doesnt have the people or expertise and . as a result its profitability is based only on a tight equity holding, and bean counting. Not a bad strategy for the DLA equity partners. buts let us all recognise them for what they are - a mid market global law firm that will never make it to the table on big deals and therefore never be as profitable as a major player

1-Feb-2011

5:57 pm