Fri, 17 May 2013
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Herbert Smith green lights October merger with Australia's Freehills
Freehills needs herbies much more than the other way around.
Anyone with the slightest understanding of the profession can see that.
Freehills has failed appallingly in every non-Aussie venture it has tried including the UK, Singapore, China, Indonesia, Vietnam, Thailand.
In the past 2 years freehills has been left behind by the magic circle breaking ground in its australian backyard.
Now every top partner and law student wants to join CC and A&O here.
So what will herbies do, now that it is saddled with rubbish from downunder?
Force Freehills partners to commit to international mobility? What a joke! Cite the Freehills track record of wasting time and money anywhere outside their country. Surely this international mobility "commitment" was oh-so-subtly written into the contract by freehills as a plan B excuse for its failing partners...
Forget the hype - Herbies will have to do what it does best these days - sack and sack again...
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