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Herbert Smith prepares to vote on Freehills tie-up

Given how poorly Herbert Smith has been performing lately and how slow business is for them in London and elsewhere this should give lots of partners at Herbies a nice project to work on in order to justify their existence at the firm. Can you imagine how many vacation .. uh ... I mean business trips Willis, Mulley and others have made flitting off to Sydney, Melbourne, Singapore and Hong Kong in order to try to put this deal together. Once they sign on the dotted line then an army of Herbert Smith partners will no doubt start preparing internal "strategy" memos and planning more lengthy trips down under in order to make sure that "integration" goes smoothly, all the while sitting comfortably at the top of the Herbert Smith lockstep doing no real client work. And how will they pay for all this? With their savings from firing more associates and staff! Get ready for redundancy round 2!

11-May-2012

1:13 pm