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Headline

Proskauer hitch fails to dent SJ Berwin’s American dream

Comment

Wachtell's $4.3m PEP is "understood not to be a problem as SJB are clearly on the up and up". Is this a joke? SJB may have put in a good performance in getting its PEP up, but even at the height of 2007 its PEP was £850k - still a MASSIVE gap away from Wachtell's PEP. If Wachtell were looking for a merger partner then wouldn'tI they go for a Travers/Macfarlanes type firm (small, high PEP, good clients, stable). I do however agree with the comments relating to FF. The merger with Ashurst fell through apparently due Ashurst being unable to concede enough ground/control. With SJB they seem more inclined to make those sacrifices. Either way, it certainly is interesting times for SJB.

Posted date

7-Jun-2011

Posted time

1:53 pm

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