JordanFurlong + mergers   52

EY ramps up legal services offering with Thomson Reuters deal - Legal Futures
Pangea3 claims as clients four of the 10 largest corporations in the world by market capitalisation, all of the top 10 multinational investment banks, and 47 of the biggest law firms in the US.

Its four areas of specialisation are litigation and investigations, contract lifecycle management, research and compliance, and financial trade documentation.

EY’s LMS business, by comparison, is split into three core areas: contract lifecycle management, regulatory risk and compliance, and investigations and litigation.

This is in addition to legal advice provided by EY Law, which comprises more than 2,400 lawyers in 84 countries, including through an alternative business structure licence in England and Wales.

Thomson Reuters bought Pangea3 – which used to be called a legal process outsourcer – in 2010.

EY’s acquisition of Riverview Law last August was also done to enhance and scale its LMS offering and “help clients to increase efficiency, manage risk, improve service transparency and reduce costs of routine legal activities”.

Chris Price, the EY partner who led on that deal, told Legal Futures that Riverview was set for a huge global expansion over the following five years, with the plan was to increase staff numbers from 100 to 3,000.
accountants  process  mergers 
april 2019 by JordanFurlong
EY to expand legal services offerings globally with acquisition of the Pangea3 business from Thomson Reuters
EY and Thomson Reuters today announce an agreement for the acquisition of the Thomson Reuters Pangea3 Legal Managed Services (LMS) business by various firms in the EY network. Following the recent acquisition of Riverview Law, EY Law practices are broadening further their depth and capacity to serve corporate legal departments around the world. The acquisition will bolster the ability for EY Law practices to help clients transform their practices and deliver meaningful value to their businesses. 
Pangea3 is an award-winning leader in legal managed services, with more than 1,000 legal professionals across eight service delivery locations on three continents. By leveraging legal, technical and business-process talent in quality, cost-effective centers, Pangea3 helps clients mitigate legal risks, reduce burdensome costs and provide continuity and scale to budget-strapped legal teams.

The acquisition will greatly enhance EY technology-enabled legal managed services in the three core areas of contract lifecycle management, regulatory risk and compliance, and investigations and litigation. In addition, EY Law practices, comprising more than 2,400 lawyers in 84 countries, will continue to rapidly grow their Legal Advisory services.  
accountants  competition  process  it  mergers 
april 2019 by JordanFurlong
EY in talks to acquire Thomson Reuters Legal Managed Services: What we know | Legal IT Insider
Insiders are officially staying tight-lipped over whether EY is in talks to acquire Thomson Reuters legal managed services division, but we understand from a credible source that is indeed the case, as Thomson Reuters’ regroups and focuses its efforts on its content and technology offerings.

Thomson Reuters has been engaged in over a year of wholesale restructuring, starting with the sale in 2018 of its financial and risk business to funds managed by Blackstone, for which it received around $17bn in gross proceeds.

The sale meant it had cash in the bank for the restructuring drive, which started at senior executive level in around June 2018: Brian Peccarelli was appointed as co-chief operating officer alongside Neil Masterson. Four senior executives left the business including highly respected president of legal, Susan Taylor Martin.

The business was restructured around three customer segments:

– Legal professionals, including law firms; government; academics and the Bar, led directly by Peccarelli;

– Corporates, including all the work that Thomson Reuters does with corporations, whether the GC or CFO, led by Piotr Marczewski; and

– Tax Professionals, including all the work Thomson Reuters does with accountants, led by Charlotte Rushton.

Within the legal professionals segment, there are now five distinct businesses: the circa $600m small law segment (headed by Mark Haddad); mid-size law firms (headed by Barb McGivern); global large law and Canada (led by Neil Sternthal); US government (headed by Steve Rubley); and Europe, which includes the UK and Ireland, plus Thomson Reuters’ Spanish business (led by Lucinda Case).

Each of those groups has its own head of product, technology and marketing and, aside from in the small law segment, will now sell the entire stable of client products including Practical Law, Westlaw, Contract Express and the Elite technology stack including 3E and eBillingHub in a significant departure from the previous business model and strategy, which was focussed on product lines.

The big focus now, as evidenced by Thomson Reuters release of major new workflow and pricing solution Panoramic, is on becoming more of a technology business and knitting these offerings together – something that is welcomed by customers, who can now focus holistically on their end goals.

Thomson Reuters, which is listed on the New York and Toronto stock exchanges, is understood to have a substantial sum of money put aside for further investment in technology, where the margins are significantly higher than in services.
accountants  process  it  mergers  competition 
april 2019 by JordanFurlong
Elevate Acquires LexPredict, Expanding Capabilities in Artificial Intelligence and Data Science - Elevate
LOS ANGELES – November 14, 2018 – Global law company Elevate today announced the acquisition of enterprise legal AI technology and consulting firm LexPredict. The move combines the comprehensive legal services offering of Elevate with the data science team and AI engine of LexPredict, creating more sophisticated technology-enabled solutions for law departments and law firms.
mergers  robo  competition  newlaw  r&d 
november 2018 by JordanFurlong
Merging Traffic: Why Clio Acquired Lexicata - Attorney at Work
Clio is also slow-playing a referral network. Now, consider this: What space exists between leads and conversions? That amorphous netherworld where a law firm doesn’t want a case, but that same case would be valuable to another law firm. There is no existing system for managing those referrals between lawyers outside of ad hoc attorney networks. Enter Clio, with its baseline usership of 150,000 legal professionals. With the announcement of, and what appears to be a soft launch for, the Clio Referral Network, Clio users can now process referrals through Clio Grow or through the Clio website —

Not only is this another compelling reason to continue or start using Clio for case management, but it’s also an initial entree point into a market that is massively underserved. I predict that the Clio Referral Network will become the biggest play to come out of Clio’s spate of announcements at this year’s conference. If done correctly (meaning, if leads can be routed intelligently), the Clio Referral Network stands as a bridge for unlocking so much untapped law firm revenue that it’s staggering to think about. And, while at this moment, it doesn’t appear that Clio is looking to monetize this service, they could certainly do so, via a lead generation service model, if they wished.

There was, as there is at every legal conference in the universe, much discussion at Clio Cloud Conference about the latent revenue available to law firms pending a viable solution for the access to justice (#A2J) problem. But, frankly, the potential law firm revenue lost to poor referral management is also gigantic, and more readily solvable.
cloud  referrals  marketing  mergers  it  competition 
october 2018 by JordanFurlong
What Would that Law Firm Merger Look Like? New Tool Allows 'What-If' Modeling | LawSites
Speculation about potential law firm mergers and acquisitions makes for good sport, not to mention serious business. Today, ALM Intelligence released a tool that gives speculators some hard-and-fast data and the ability to model what a potential merger would look like.

Available to subscribers to ALM Intelligence’s Legal Compass platform for data research and analysis, the M&A modeling tool allows users to analyze potential mergers and acquisitions within the legal market and create a profile of what the merged firm would look like.

“Law firms are always playing the ‘what-if’ game, and this tool enables firms and consultants to assess various potential combinations,” Patrick Fuller, vice president, legal, said in an announcement of the tool. “Additionally, it becomes a core competitive intelligence tool for rivals as part of the assessment of pending law firm mergers.”

The tool allows users to:
data  metrics  analytics  consulting  mergers 
september 2018 by JordanFurlong
Branding, skillful mergers the keys to Big Law success | Julius Melnitzer - The Lawyer's Daily
In 2013, the Index named Norton Rose (now Norton Rose Fulbright) as the Canadian brand most favoured by influential companies from Canada and around the world, displacing Blake, Cassels & Graydon, the premier brand in 2012, the first year of the index. The index’s authors noted that Norton Rose’s placement translated into “improved brand consideration for premium work and overall usage.” The doomsayers seemed to have got it right. Norton Rose, a global firm, had became Canada’s top brand within two years of having absorbed Canadian icons Ogilvy Renault LLP and Macleod Dixon LLP.

The fact that standalone Canadian firms made up the rest of the top 15 in 2013, on the other hand, foretold nothing at all: after all, there were no other global firms on the domestic landscape then. What is telling, however, is that by the time the 2017 index was released, Norton Rose had slipped into a fourth-place tie, down from third in 2016, first in 2015, and second in 2014.

The other global firm around long enough in Canada to make an impression is Dentons. It merged with Fraser Milner Casgrain LLP in 2013. By 2015, it was in 10th place on the Acritas Index, holding the position in 2016 and moving up to ninth this year. Let’s put that in perspective: in 2012, before Norton Rose’s arrival really had a chance to take effect, Blakes was number one. In 2013, Norton Rose displaced the homegrown firm, gave it back to Blakes again in 2014, and itself returned to the top spot in 2015.

For the last two years, however, Blakes has taken the honours, doing so in 2017 by the widest margin ever. As well, the only time Blakes finished worse than second was in 2013, when it placed third, yielding second place to McCarthy Tétrault LLP. Meanwhile, Norton Rose fell to third in 2016 and by 2017, it was still falling, in a fourth place tie with Fasken Martineau and behind Stikeman Elliott LLP in third spot and McCarthyTétrault in second.
mergers  brands 
september 2017 by JordanFurlong
What Hogan Lovells Did Right (and Wrong) in Its Founding Tie-Up | The American Lawyer
Overall, the union that created Hogan Lovells undoubtedly ranks as a very good merger. But with a bit more ambition and ruthlessness, it might have been great. As one former London partner puts it: "You could say that's why the combination has worked: because it hasn't been quite as aggressive as other firms. The downside, maybe, is that it hasn't been as aggressive as it could."
april 2017 by JordanFurlong
Global Law Firms and Vereins: The End of the Affair | The American Lawyer
Both of the last two large-scale transatlantic combinations that required new holding structures eschewed the verein in favor of a U.K.-law entity called the company limited by guarantee (CLG). In early 2016, Canada's Gowling and U.K. firm Wragge Lawrence Graham opted for a CLG in their merger, becoming the first Global 100 firm to use the structure. Sutherland Asbill & Brennan and U.K.-based Eversheds also used the CLG structure when they merged in February. ( Last month's deal between Norton Rose Fulbright and Chadbourne & Parke involved the U.S. firm joining an existing verein.)
At first glance, the choice of CLG over verein appears to be of little consequence. The two structures are remarkably similar in principle and practice. Both allow a flexible approach to governance and result in member firms that are distinct legal entities with limited liability. They also prohibit the distribution of profits across the network, although member firms can share costs, and pseudo profit-sharing is possible through contracting arrangements.
Vereins and CLGs do differ in one important area, however: Risk.
Gowling WLG strategic development director Jenny Hardy told The American Lawyer that the firm initially assumed that it would use a verein for its formative combination last year. But ultimately it decided that the CLG had "more certainty" regarding its legal position.
firms  mergers 
march 2017 by JordanFurlong
King & Wood Mallesons: An Autopsy | The American Lawyer
The firm is heading toward insolvency proceedings. Potential saviors have emerged, in the form of Dentons, Winston & Strawn and KWM's own Asian arm, which are both in talks to buy all or part of the failing business. But the vultures are circling, too, picking off clumps of partners who are desperate to escape the turmoil and uncertainty. The American Lawyer sought comment from King & Wood Mallesons on nearly 30 major points made throughout this story. The firm declined to comment.
The firm's Chinese and Australian arms are largely isolated from events in Europe, as the three firms combined via a Swiss verein, a holding structure that allows member firms to retain their existing form. The structure, which has been used by almost every major cross-border law firm combination over the past five years, enabled the three practices to combine quickly and keep their finances separate. It has also meant that the Chinese and Australian partnerships have effectively been able to stand back and watch as the European practice burned. (Read King & Wood Mallesons in Asia.)
mergers  firms 
december 2016 by JordanFurlong
Drew Hasselback: ‘Prairie attitude’ is key force behind creation of Western Canada’s largest regional law firm | Financial Post
Manitoba was the missing piece of the puzzle, and Wilson says the Winnipeg market can be tough to crack. MLT’s usual method of opening a greenfield office just wouldn’t work there, Wilson says. “It’s a highly competitive and somewhat insular market. It became evident to us very quickly that if we were going to become a factor there, it would have to be with someone that was already established there.”

Fortunately, MLT lawyers over the years have developed a pretty good relationship with Aikins, a Winnipeg firm that has been present in the city for 130 years. And as it turns out, Aikins was itself looking for ways to respond to changes in the legal market.
november 2016 by JordanFurlong
Law Firm Mergers Don't Benefit Clients, Report Finds | The American Lawyer
“Making sure that everyone has the same email address isn’t what will determine whether a merger is successful," said Edsberg, a lawyer turned consultant who spent six years as an attorney at Freshfields Bruckhaus Deringer. "The litmus test of any merger should be whether the combined firm can bring value to clients in a way that the old firms couldn’t on their own.”
march 2016 by JordanFurlong
Year In Review - Law Firm Mergers in 2015 | Edwin Reeser - JDSupra
Mergers were not the big deal in 2015. It was the new boutiques being formed, a trend to watch closely in 2016.
mergers  boutiques 
january 2016 by JordanFurlong
LEGAL FUTURES Insurance industry “shaping the law firm M&A agenda”, say experts » LEGAL FUTURES
Professional indemnity insurers are starting to shape the UK legal sector as they exert their influence during law firm mergers and acquisitions, experts have warned.
mergers  insurance 
august 2013 by JordanFurlong
Why Linklaters won't go for an alliance in Canada | News | The Lawyer
Shocking as it may seem to someone viewing the world from the perspective of the Square Mile, but there are differences between Australia, South Africa and Canada, resources and energy opportunities aside.
global  mergers 
june 2013 by JordanFurlong
Due South | Features | The Lawyer
“We enjoy opportunities back and forth with Latin America, but it’s on a client by client basis. Our core focus is Canada and Canada continues to be a robust market for natural resources and mining,” says Brock Gibson, chair of Canadian firm Blakes. “For us, the recession was mild to non-existent. Although there was a slowdown in Canada because of constraints on capital we didn’t have the same experience as other traditional markets.
mergers  global 
january 2013 by JordanFurlong
Linklaters: A Short Story
As one former partner warns: “There is certain logic in what they’re doing. You can criticise them for shrinking but there’s no other way to boost profits but to narrow their focus. They’re a little short-termish in strategy as it’s hard to keep going down this route and still motivate partners. My advice would be get people together over some wine and really think about where the market is going and where you want to be. A&O has clearly done that and it’s now a threat. Do they know where they want to be in five or 10 years’ time or what their competitors are doing?”

Perhaps the wider issue facing Linklaters is less about what difficult decisions the firm is taking than why. There are some credible critics of the firm that argue that Linklaters needs to develop a clearer vision of where it wants to sit in the market as it moves increasingly further from the London-centric, corporate driven partnership that built its brand.
strategy  mergers 
december 2012 by JordanFurlong
Law Firms Reshaped by Global Mergers -
"The lines are flowing every which way—from Brazil to the Middle East, from Brazil to Southeast Asia, from Canada to all of the above," said Peter Kalis, chairman and global managing partner of law firm K&L Gates LLP, which last week announced a planned merger with Australian firm Middletons.

Mr. Kalis said the merger will boost the firm's Asian presence from seven offices to 11 and give K&L Gates a foothold in the competitive Australian legal market, where British firms have already been moving in to capitalize on investment money flowing in from China and elsewhere.

Such combinations carry risk. It isn't easy to integrate attorneys, staff and technology from two or more law firms into a unified whole. Power struggles can erupt and rainmakers may leave. And while leaders hope synergy between the merging firms will give an extra boost to profits, there's no guarantee that a union will get either side to perform better than it has in the past.

But mergers remain the fastest way for firms to expand their footprint.

Building up new offices from scratch takes time, and can cost between $5 million to $10 million per year, per office, Mr. Williams said. Such investments can be a tough sell internally at a time when law firm profit growth has largely slowed to the single-digits.

The legal industry is recovering from a collapse in demand that has yet to rebound to pre-recession levels. Thus, alliances with other firms that provide instant access to new markets hold increasing allure, particularly in the Pacific Rim.

"The pace of change in the Asia Pacific legal sector has been nothing short of phenomenal," Stuart Fuller, global managing partner of King & Wood Mallesons said in an email.

A considerable part of that buzz stemmed from the debut of Mr. Fuller's own firm in March. A novel union between a top Australian firm and a leading Chinese practice, it was the largest cross-border merger that didn't involve a U.S. or U.K. player. Legal experts predict King & Wood Mallesons's next move is likely another merger, either with a Canadian partner or another Asian firm.

"That's the really interesting one to watch," said James Jones, a senior fellow at the Center for the Study of the Legal Profession at Georgetown Law. "They're in discussions with a firm in Singapore, and God knows where else they'll go."
december 2012 by JordanFurlong
Globalization and the Canadian legal market
Despite the predictions, Canadian firms don’t appear to be overwhelmed by an urge to merge. Lawyer and strategic consultant Jordan Furlong suggests there are a few reasons for this, including Canada’s relatively stable financial position. “Because we have been insulated to a much greater extent from the financial crisis and the recession, as well as the fact that we are still riding the natural resources wave that has kept the overall economy strong, Canadian firms are not experiencing the same overwhelming pressure that other law firms in other jurisdictions are going through,” he says.
jf  mergers 
december 2012 by JordanFurlong
Law Firm Mergers: Competition Over Consolidation | Wired GC
Norton Rose established a beachhead in North America in 2010 when it acquired Ogilvy Renault and enhanced its presence last year when MacLeod Dixon was folded in. Fulbright is a great firm, strong in energy among other areas. And it apparently held out for naming rights as the new firm will be known as Norton Rose Fulbright after closing, slated for June, 2013.
november 2012 by JordanFurlong
SJ Berwin pushes for tie-up with Asia-Pacific's King & Wood Mallesons | News | The Lawyer
SJ Berwin’s 2011-12 turnover was £180.1m, while KWM’s 2011-12 Australian revenue of A$424m (£276m) and the legacy Chinese arm’s £16m income for 2011 give the Asia-Pacific firm a total income figure of around £290m.

KWM has already told partners it aims to open offices in Canada, Russia and South East Asia in the wake of the merger of China’s King & Wood and Australian firm Mallesons Stephen Jaques earlier this year (18 June 2012).
november 2012 by JordanFurlong
SNR Denton Confirms Three-Way Merger in Canada, Europe
"[FMC] has been mentioned for months as a firm interested in expanding internationally," says Jordan Furlong, an Ottawa-based law firm consultant and strategist with Edge International. "The firm is very strong in Calgary and has a large mining practice."
jf  mergers 
november 2012 by JordanFurlong
Fraser Milner Casgrain to go global - The Globe and Mail
Fraser Milner Casgrain LLP plans to merge with two global law firms in a three-way combination that would establish a massive new international player and shake up Canada’s legal industry.
jf  mergers 
november 2012 by JordanFurlong
SNR, Salans and Canada's FMC set for triple merger under Dentons brand - Legalweek
SNR Denton, Salans and Canada's Fraser Milner Casgrain (FMC) are in discussions about a three-way merger which is expected to go live in early 2013 under the Dentons banner.
november 2012 by JordanFurlong
LEGAL FUTURES Majority of top firms eyeing growth through merger as ABSs appear on the radar » LEGAL FUTURES
Overall, 58% of the top 100 firms saw mergers and acquisitions as a major growth opportunity, “with some top 11-25 firms in particular acknowledging the challenges of operating in an increasingly competitive and mature market and recognising that further UK consolidation in the mid-tier is inevitable”.

PwC said LPO/offshoring will “become an increasingly important area for the sector”. It added: “Pricing pressure and the threat of new entrants are together forcing firms to reappraise how they deliver legal services, whilst maintaining quality as a ‘non-negotiable’.”

Business processing outsourcing (BPO) is also “an area of increasing maturity in the legal sector”, although while some firms had embraced it, others “remain to be convinced of the fit with their culture and strategy”. The greatest uptake has been in “ou
mergers  outsourcing 
october 2012 by JordanFurlong
Fasken Martineau makes big move into Africa - The Globe and Mail
Bay Street’s Fasken Martineau DuMoulin LLP is merging with a South African law firm in a move it says will cement its rank as the Canadian-based law firm with the most lawyers outside the country’s borders.
global  mergers 
october 2012 by JordanFurlong
Merger of IP firms could create 'super-boutique' -
The expected merger of Connolly Bove Lodge & Hutz with Novak Druce + Quigg could create one of a handful of super-intellectual property boutiques at a time when patent work is at an all-time high.
ip  mergers 
september 2012 by JordanFurlong
Streetwise - The Globe and Mail
the meantime, it is smaller firms that have been seeking out global alliances. For example, DAC Beachcroft, a British-based global law firm with niche specialties in health, insurance and real estate, has just announced an two-year alliance with Toronto-based McCague Borlack LLP, a litigation firm with 70 lawyers and strengths in insurance litigation.

In a statement issued last week, DAC Beachcroft said the deal, which will see the two firms share resources, is a precursor to a
may 2012 by JordanFurlong
Linklaters, Allens Arthur Seal U.K.-Aussie Alliance
U.K. Magic Circle firm Linklaters and Australia's Allens Arthur Robinson announced on Monday that they have entered into an exclusive alliance from May 1 and will form a series of joint ventures across Asia.
mergers  china 
april 2012 by JordanFurlong
Revealed: McGrigors and Pinsent Masons moot £282m merger   | News | The Lawyer
McGrigors and Pinsent Masons are preparing the ground for a potential merger in a deal that would make the combined firm the 12th largest in the UK by turnover.
january 2012 by JordanFurlong
Ashurst, Blake Dawson Announce Merger Deal - The Asian Lawyer
The plan, which was approved by votes at both partnerships Friday, also calls for Blake Dawson to adopt the Ashurst brand in Australia as well as in the combined Asia offices. The integration of the Asian offices and the re-branding of Blake Dawson are scheduled to take effect March 2012, with a vote on a full merger envisioned roughly two years after that.
mergers  global 
september 2011 by JordanFurlong
Egorov and Magisters merge to create CIS giant | News | The Lawyer
One of Russia’s largest law firms, Egorov Puginsky Afanasiev & Partners, is set to merge with Ukraine outlier Magisters.

The two firms signed the merger agreement today, following months of discussions. The deal will go live at the end of the year.

The tie-up will create a €115m-turnover firm, with more than 300 lawyers, including 27 partners, across offices in Astana, Kiev, London, Minsk, Moscow and St Petersburg.
global  mergers 
july 2011 by JordanFurlong
Rescues Gone Wrong?
The e-mail from Orrick, Herrington & Sutcliffe chairman Ralph Baxter to newly tapped Coudert Brothers chair Clyde Rankin on February 12, 2005, was short, friendly, and direct: "Skip, Congratulations on your election. I look forward to seeing you this week. Let's talk on Monday." ­
march 2011 by JordanFurlong
Linklaters launches Houston offensive | News | The Lawyer
Linklaters later denied that it was close to opening its own office in the city, but there is increasing speculation in Houston that the firm is seeking a strategic alliance with a firm (or firms) with an established energy ­practice in the city.
march 2011 by JordanFurlong
Canada – a rocky ride? | News | The Lawyer
The first sign of stardom was last summer, when BHP Billiton, advised by Slaughter and May and Blake Cassels & Graydon, launched a $39bn (£23.97bn) hostile bid for Saskatchewan-based PotashCorp, represented by Jones Day and Stikeman Elliot.
mergers  global 
march 2011 by JordanFurlong
Clydes takes plunge into merger hotspot Canada | News | The Lawyer
Any merger with Nicholl Paskell-Mede will be designed to replicate the deal the firm completed with US insurance boutique Condon & Forsyth in 2006. That move gave the firm a quartet of partners and offices in New York and Los Angeles.
march 2011 by JordanFurlong
Clifford Chance launches in Australia via double merger | News | The Lawyer
Clifford Chance has become the latest firm to launch in Australia after the partnership voted through a dual merger with boutique firms in Sydney and Perth.
february 2011 by JordanFurlong
Merging into the future | Canadian Lawyer Magazine
Robert Seidel, national managing partner of 200-lawyer Davis LLP, believes the genesis of this global interest in Canadian firms is the country’s emergence as a reliable source of energy, with the Alberta oilsands as the primary driver. It has helped that Canada has led the way on project finance, infrastructure, and energy and the environment. “These are all top-of-mind international issues,” says Seidel. Canada’s stronger-than-average performance during the economic crisis, fostered in part by a strong banking sector, has further enhanced its image. “Because of those fundamental pillars in the Canadian economy, Canada is punching above its weight in terms of the legal profession and the acknowledgment by clients in industry that this is a great place to invest,” says Seidel.
february 2011 by JordanFurlong
Tracks of My Tiers
Once again, we are in merger-talk season. There was a flurry of ­activity last year that culminated in the various Sonnenschein, Norton Rose, and Squire Sanders transoceanic combinations. They were notable because they all opted to organize as Swiss vereins rather than single profit-sharing partnerships, and all were motivated, at least in part, by a desire to get bigger so they could compete for work and talent that was waiting for those who, well, got bigger.
mergers  firms 
february 2011 by JordanFurlong
Breaking the ice | Features | The Lawyer
“It’s a very domestic law market here. The legal community in Canada is collegial and while that’s good in terms of civility, there’s a certain amount of gentility - firms will only push against each other so hard,” says Furlong.
jf  mergers 
january 2011 by JordanFurlong
Dickinson Wright PLLC - News Center - Press Releases
"The Aylesworth firm, like Dickinson Wright, brings more than a century of professional excellence, and we are thrilled to have the Aylesworth lawyers join our existing team of accomplished lawyers in Ontario. We are highly aligned in our commitment to superior client service, professionalism, and broadening the areas of expertise that we offer to our expanding client base", says William T. Burgess, Chief Executive Officer of Dickinson Wright PLLC. "Dickinson Wright provides comprehensive legal services to a broad range of clients, from Fortune 500 companies to small businesses, new ventures, individuals and governmental units. We are a growing firm, and this expansion of our Ontario affiliate is part of a very deliberate strategy to cement our leadership position in an increasingly competitive North American legal marketplace. This combination helps strengthen our resources to compete and the culture to differentiate" adds Mr. Burgess.
january 2011 by JordanFurlong
Miller Thomson considers merger
Miller Thomson LLP, the national law firm that unrolled a new marketing communications campaign on Monday, is considering a merger with another law firm that could be approved by partners as early as next week.
november 2010 by JordanFurlong
Law Times - Ogilvys hopes global deal will be magnet for other firms’ partners
Just how quickly others may follow Ogilvys remains to be seen. But one thing is clear: suddenly there’s a much more formidable contender in the Canadian legal market sweepstakes.
november 2010 by JordanFurlong
Norton Rose to merge with Canada's Ogilvy and South Africa's Deneys | News | The Lawyer
The Canadian legal professional is incredibly conservative and quite restrictive (try re-qualifying as a solicitor into the law society of Ontario, for instance). This merger might have a very significant impact on improving the provision of legal services in Canada. For far, far too long, Canadian firms have had sizeable headcounts, poor profitability and no real outside competition to challenge their domestic market. (With no real international capabilities, it seems pointless to raise the issue.)

The question now becomes how the so-called Seven Sisters (the major Canadian law firms) respond to the Norton Rose entrance. If separate profit pools are to stay for the forseeable future, the impact might be less significant than if profitability was to be centralised. (Even with NR's drop in PEP last year, for example, it would still be paying out quite a bit more than the most profitable Canadian law firms.)

The one thing that will surely hurt NR's standing in Canadian legal circles is
global  mergers 
november 2010 by JordanFurlong
Name Games Loom Large in Mergers
As law firms merge, merge and merge some more, naming the result is becoming increasingly less about the egos and more about the branding
Bookmarks  marketing  mergers 
august 2007 by JordanFurlong

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