Salans and SNR Denton latest firms to hold merger talks

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  • Let me guess, "A market commentator" is a partner from the rejected suitor Pinsent Masons LLP.

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  • This makes perfect sense in terms of building a global platform and developing greater scale.
    It is true that the London office of the combined firm will still be relatively weak, particularly compared to Paris and the U.S. offices, but the enlarged firm will have greater resources to invest there.

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  • @ Anon 2:29 pm - It's not just that the combined firm will have greater total resources, it will also save a huge amount of costs.
    For example SNR will not now have to expend large amounts developing in Paris, nor Salans building a platform in the U.S. Resources can therefore be focused on developing areas where both firms are weak, such as South America.
    From a pure business perspective this is a no-brainer.

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  • Sorry to be a troll on this one, (I do try be positive normally), but do they really think merging this lot together will make things better? Isn't this like Betamax merging with Kodak Film, and then merging a year later with Amstrad to create a huge conglomerate of under-performance that's already missed the boat?
    If these were companies and you could consolidate them and then asset strip to be left with a small solid golden core to then build on, I'd see the point. But like this....?

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  • @ Cynic above is so stupid that they apparently don't know that Betamax was a recording format rather than a company.
    Neither do they understand the meaning of the word 'conglomerate'.

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  • @ Cynic 3.38 pm - I disagree. As someone who's worked with both firms its obvious that they'll never be magic-circle calibre firms but they both have quality practices. Denton's energy group would receive a major boost if this goes through and they can capitalise on Salan's top notch CSI oil and gas team. The deal would also finally give Denton's some continental europe coverage - something thats been missing since the Denton Hall / Wild Sapte days.

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  • having met some of the european salans partners, they are savvy and smart (unlike some of their competitors). They don't look at partners being entitled but rather building out strong businesses and readjusting where things don't work rather than falling into the usual big firm trap of pigs at the trough and a sense of entitlement.

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  • @Anon | 14-Feb-2012 3:50 pm
    Calm down, luv.
    Ever heard of poetic licence?

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  • Looks like simple maths to me:
    1 basket case + 1 basket case = a transatlantic basket case.

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  • @ Whoop there it is 5.11 pm - thats what people used to say about DLA Piper and now they're a behemoth. Say what you want but this is the direction that the market is moving in and at least these guys will enjoy some semblence of first-mover advantage. Best of luck to them... heaven knows that two mergers in as many years won't be easy for SNR.

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  • Hmmm. Why SNR would want to tie up with another European room is difficult to understand. Having worked with European as wellas USA lawyers - European lawyers simply do not have the breadth of training that USA lawyers have. Nothing against European lawyers, but the educational approach is so much narrower.

    SNR still has to manage the Denton under performance as well.

    Why would they tie up? Dilution of quality in search of money. What the heck - that might be reason enough.

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  • James, according to your logic no US firm would ever merge with a European Law firm - frankly I am surprised US lawyers simply dont dominate the world.

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  • All mid-tier and lower will need to merge. They will then need to lean six-sigma and whatever else to strip away costs: this might include outsourcing to CPA global etc. The law firms of the future will be amalgamations of what we have now, and much smaller. There will be fewer frontline lawyers and more focus on high quality turnaround with low office numbers akin to some US firms in the City. Those that cannot stomach the aforepredicted should seriously contemplate other careers as the Ice Age has come and another one will do the same damage as we saw in 2008/9.

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  • When ISN'T Salans in merger talks? But not all partners want to merge. Paris wants to stay as is and views any merger with a non-Gallic firm as some kind of Waterloo Revisited moment.

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