The way lawyers talk about mergers is a lot like the language of love.
Discussing their firms’ £45m West End merger yesterday (8 August 2012), Howard Kennedy CEO Mark Dembovsky and Finers Stephens Innocent managing partner Paul Millett spoke about “long-term relationships”, “accommodating one another”, and even “getting into bed with each other”.
Of course every romance starts out with such easy promises of a rosy future – unless you count the slanging match between LG and FFW after just a few painful dates (9 July 2012).
But these two firms do seem to have a lot in common – particularly an interest in wealthy private clients, which they believe will be the “glue” that holds the relationship together when the initial passion subsides.
But it isn’t all about the money.
Dembovsky is known at Howard Kennedy for his little gestures – muffins on desks, sticks of rock at AGMs. That’s the sort of touch that keeps a relationship fresh.
In modern day marriages, one of the biggest debates is what to do about the name. Yet this was the last thing on the mind for management and was only thrashed out at the final minute.
Here’s hoping the honeymoon, which is due to start on 1 November, goes as smoothly.
- Also on TheLawyer.com:
- South African law firm ENS has embarked on a pan-Africa expansion plan with the opening of an office each in Rwanda and Burundi
- Slaughter and May and Sullivan & Cromwell have won roles advising Standard Chartered Bank following Iran allegations
- And former staff of Dewey & LeBoeuf’s London office have been invited to grill a representative of the bankrupt US firm