The management of Denton Wilde Sapte and Sonnenschein Nath & Rosenthal want their firms to merge.
As The Lawyer exclusively reveals today, partners and staff at the firm were informed of the proposed deal, which will create a £500m firm with1,400 lawyers, via email this afternoon (see story).
Partners were told that the merger would help Dentons attain its long-term goal of increasing capability in the US, while also adding insurance and healthcare capability and clients such as Deutsche Bank.
Arguing that this is no US takeover, Dentons chief Howard Morris told us that London would be the largest office in the merged firm – to be called SNR Denton.
Dentons’ counterparts at Sonnenschein, which has a particularly diminutive international presence and is growing its energy practice, would immediately be gifted scope across the Middle East and the CIS and a highly regarded energy and infrastructure practice.
But with lower-than-average profitability at both firms management will have to work hard to convince partners that this is something other than a lower-than-average combination.