A hot quarter of regional and boutique law firm acquisitions, potential mega-firm merger talks, and the marriage of prominent U.S. and U.K. law firms has led some analysts and law firm leaders to predict more domestic and global unions in the near future.SNR Denton—formerly Sonnenschein Nath & Rosenthal and Denton Wilde Sapte—launched as a top-25 global firm this fall with more than 1,500 lawyers in 32 countries. Reed Smith and Thompson & Knight have also confirmed potential union talks. And 14 other firms made it down the aisle with seven mergers reported in the first seven days of October.“Our clients are telling us overtly or through their actions that they’re going to use a small er number of law firms, and those firms have to be more nimble: provide value, efficiency and speed—and do so with a broad coverage of the globe,” says Elliott Portnoy, SNR Denton’s co-CEO. “We were in danger of not being able to meet those client needs if we didn’t become a global firm.”WORLDWIDE TIESThe new firm plans to adopt a more unified development process for its lawyers as it works to integrate British and American practice groups into single entities. As a result, a senior… Read full this story
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