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Herbert Smith green lights October merger with Australia's Freehills

Very interesting - Herbies has been trying extremely hard to battle its own to move out of an archaic mindset that has been entrenched by underperformers at the top of the lockstep (ie the useless ones have the power and votes). Well done to the management for pulling them out of a slow and steady decline. Any misconception that they have been in the magic circle at any time in the last 10 years must have been blown out of all but the most stagnant waters by now. The firm had steadily been losing its grip on its litigation crown and has seen clients prefer the more commercially minded and service oriented firms and has seen high level departures. For HS at least, this has been a big step in the right direction after six months of constantly poor news. Fingers crossed they can make up the ground they've lost. Management shouldn't think they've succeeded yet though - the hard work's only beginning.

29-Jun-2012

2:15 am