US firms consider mergers to facilitate global reach

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Speechlys follows merger with 30 per cent hike in financials

Speechly Bircham has posted a 29 per cent increase in both turnover and average profit per equity partner (PEP) for the 2009-10 financial year. The firm’s total revenue grew from £45.4m to £58.4m while PEP was up from £331,000 to £428,000. Speechly’s managing partner Michael Lingens said the results were “particularly pleasing” in the context […]

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Partners at Dentons and Sonnenschein say yes to merger

Partners at Sonnenschein Nath & Rosenthal and Denton Wilde Sapte have voted in favour of the firms’ planned merger. The two firms will join forces on 30 September 2010 to create a £500m business with 1,400 lawyers worldwide. Management at both firms asked their respective partnerships to vote for the union today. They required a […]

Ex-Schillings chief to open media firm in London

Celebrity lawyer Simon Smith is to launch his own practice in London six months after quitting Schillings. Smith, a former managing partner at Schillings , left the firm last December after winning a controversial injunction for golfing superstar Tiger Woods. His shock departure from Schillings was shrouded in mystery, with the firm’s business director Christopher Mills insisting that Smith […]

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Single minded

Equal representation at management level in transatlantic combinations is a symbolic, but important, indicator of the so-called merger of equals Hogan Lovells carefully crafted its governance structure to reflect the leadership of both legacy firms, thereby ensuring buy-in from both sides of the Atlantic. Denton Wilde Sapte CEO Howard Morris has sought to allay fears […]

CMS partners home in on European strategy

Partners from the nine CMS network firms will ­discuss how they can ­consolidate their position across European markets when they meet for their annual partner conference this month. The event, which takes place in Vienna between 10-12 June, will focus on how the network can increase revenues in Europe against the backdrop of a market […]

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