SNR Denton and Salans prepare for September merger vote

  • Print
  • Comments (18)

Readers' comments (18)

  • Both firms should just give up and close the offices that are losing money and spin off the offices and practice areas that actually make money. Historic SNR and Denton firms had a good run. The perception is that SNR Denton is a better firm than Salans, but I am not sure I would agree.You can expect the good partners to continue to leave.No mention of London in the article? London management has failed miserably so keep them out if you want this to have any chance of working!

    Unsuitable or offensive? Report this comment

  • Pinsent Masons must be seething.

    Unsuitable or offensive? Report this comment

  • Neither brand’s so strong – that’s the joke of it. It’s two weak firms. Agreed.

    Unsuitable or offensive? Report this comment

  • Neither firm has a bright future in its current form. The firms really have limited options - either achieve critical mass through consolidation and organic expansion, or break themselves up into a series of small boutique firms.
    At the moment they are in a no-mans land.
    This merger does make sense.

    Unsuitable or offensive? Report this comment

  • It could work for them. Look how well a third rate (at least the non-USA part) firm like DLA has done.

    Unsuitable or offensive? Report this comment

  • If they can't agree on a name and don't want to spend too much on finding a new brand, they should perhaps just use the initials: S & S.
    Since however this might be confused with Shearman & Sterling, they should use SS. Combined with a fancy "The" they would have one of the strongest brands ever. Almost automatically, they would be feared in the market as the firm with the killer instinct. Or so.

    Unsuitable or offensive? Report this comment

  • DLA has strong leadership on both sides of the Atlantic. SNR is another US firm, but what do they do? Denton London should have done this ages ago before it was driven into the ground. Denton does have the Middle East but the Middle East seems to have lost much of its luster. Maybe Dewey would have been a more suitable partner? We no longer hear of the Middle East team. Have they all slowly left? Denton in the Middle East should break away and join a proper firm to help it forward.

    Unsuitable or offensive? Report this comment

  • Game changer.

    Unsuitable or offensive? Report this comment

  • @Anon | 24-Aug-2012 11:14 am
    How, in any context, would such a merger be a game changer? I imagine the net impact of such a deal would be almost negligible on the global legal market. Clients will no doubt be mildly interested, but that is all. The people most likely to be affected will be the surplus support staff, PR people etc, that such an overlapping merger will now leave redundant. Management will also have a far bigger headache than even before. I also doubt PEP will be affected one way or the other by this deal.

    Unsuitable or offensive? Report this comment

  • @ Armstrong | 24-Aug-2012 12:16 pm - In terms of the combined firm's size in each of France, the US and the UK it will have a distinctive profile.
    This is of course just one more piece in the puzzle of market consolidation, and the combined firm will doubtless be involved in further mergers and significant organic growth. However it is a more important development than you suggest.

    Unsuitable or offensive? Report this comment

  • Hello from Central Asia, ok???

    Unsuitable or offensive? Report this comment

  • @Anon Hardly a game changer. SNR Denton is another DLA or about to be another DLA? Is that good or bad? I think many lawyers are turned off by the DLA model. Who wants to be a part of DLA? Has any good come of DLA? Clients may be midly interested as Armstong says but other than that these various SNR Denton firms will take years to reach today's PEP of today's peer firms. By that time one would think the peer firms would be even stronger. This looks like one big mess. Here is to hoping that SNR Denton can keep this all together and not fall apart!

    Unsuitable or offensive? Report this comment

  • Pep, pep will tear us a part again
    The squeeze is on
    Who will be left in 3 years time?

    Unsuitable or offensive? Report this comment

  • I reckon that this is more significant thn most people think. This allows all the parts to transcend their limitations in geographic terms and there could be big winners across the network if they do a good job of intergration.

    Unsuitable or offensive? Report this comment

  • Not really impressed by either firm, but a firm with revenues of "roughly £760m" is a pretty good size. As there are likely to be a lot more mergers like this in future, it will be interesting to see how this one works out.

    Unsuitable or offensive? Report this comment

  • Salans has a magic circle presence in some jurisdictions (Paris, Warsaw, Moscow); so has the old DWS (Middle East, Kazakstan) and some of the London practice areas (esp energy). It makes far more sense than PM for Salans. As for the brand, who wants to build a new brand from scratch? I reckon they'll develop one of the existing ones.

    Unsuitable or offensive? Report this comment

  • Having worked at Salans, i would agree that it is a weak firm composed of patchy hybrid practices. Even in the Russia/East Europe region, where they are supposed to be strong and have been present for well over 20 years, they consistently are ranked as a third-tier firm. They have no real brand identity or universally recognized strength. They also are almost famous for notoriously poor and short-sighted management. A merger is not going to save them. They need to rationalize and focus. Bigger is not better. That said, a merger may be great for SNR Dention which, after the ink is dry, may well cherry pick and make redundant a number of the very mediocre and less-than-productive partners in the Salans partenrhsip.

    Unsuitable or offensive? Report this comment

  • I am working in one of those firms. This is good move. The firms' trend to merger is a natural response to the markets that are getting more volatile and aggressive. They need to do that to survive in a such a unfriendly environment. If i were them i would concentrate on high markets like africam russia, latin america and asia, and would undoubtedly unmoor from central asia, where both firms' economics are not, i presume, that unclouded.

    Unsuitable or offensive? Report this comment

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (18)