SNR Denton and Salans prepare for September merger vote

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  • Hello from Central Asia, ok???

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  • @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!

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

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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