Sep 27, 12:16 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Jean LIOU 09/27/19 AT 11:48 AM French rail operator SNCF wants to merge Eurostar, which operates high-speed trains to London, and the Thalys service that takes passengers from France to Belgium, the Netherlands and Germany, its chief executive said on Friday.Guillaume Pepy said that the move, which would take up to two years to implement, would create a single and more efficient European railway company and respond to new challenges as passengers opt against flying due to climate change.He told reporters that the two networks, which are majority owned by the SNCF, could together transport 30 million passengers a year, compared with 18.5 million in 2018.The project for the merger, dubbed "Green Speed", would have to be approved by the other shareholders of both railway firms and their supervisory boards."The idea is to develop and expand the network," Pepy told … [Read more...] about France’s SNCF Wants To Merge Eurostar And Thalys Services
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Mergers can be difficult, risky and expensive. So why do so many law firms contemplate them? Most would say they’re hoping to achieve a competitive advantage or find a quick fix to a perceived need. Mergers often help firms realize their strategic objectives. However, if not done for the right reasons, they can be a source of frustration and lead to a firm’s demise. THE RIGHT REASONSA good place to look for the right reasons is your firm’s strategic plan. For instance, a merger may make sense if your firm wishes to:Add experience and depth to an established practice area. Offering clients expanded capabilities is a great way to keep their business and increase your billings. For example, suppose by way of a merger you’re able to increase the size of your intellectual property practice and expand your firm’s patent infringement services. This could be important to existing and prospective clients when retaining a firm. Increase specialization. A … [Read more...] about Law Firm Mergers: To Merge or Not to Merge? That is the Question!
It was January 2006, and the principal at Young Finkel & Silbert of Chicago was at a crossroad. He turned to his wife and said, “I can’t stop thinking about it: Where do I want to be in 10 years? Where do I want to practice?”For many years, Finkel and Daniel Beederman, a partner at Schoenberg Fisher Newman & Rosenberg in Chicago, considered moving to the other’s firm. But over time, the conversation shifted to merging—a scary, big commitment. Almost two years earlier, Finkel and Beederman decided the time wasn’t right and walked away.But as he waited for Mick Jagger and his bandmates to take the stage, Finkel’s cold feet melted. Amid the din of the warm-up band, he called Beederman and proposed a union.“Out of the blue, I said, ‘Let’s move forward,’” Finkel says. And Beederman said yes.MARRIAGE OR MERGER?“Deciding to merge is very much like deciding to get married,” says John Smock, partner at … [Read more...] about Formerly opposing counsel took the plunge to merge firms
San Diego may merge its 911 call center with others across the region.The move could save money, boost response times and improve coordination during wildfires.City officials plan to make a formal proposal by the end of the year including a location, estimated costs and how the project would be funded.San Diego will explore merging its 911 fire and medical dispatch center with other emergency call centers in the region to save money, boost response times and improve coordination during wildfires and other major events.City officials said Wednesday they plan to discuss the idea with other firefighting agencies and make a formal proposal by the end of the year including a location, estimated costs and how the project would be funded.If differences in employee pay, health insurance and pensions make a formal merger impossible, city officials said multiple call centers could still operate at one site and accomplish many goals that a merger would aim to achieve.San Diego runs the … [Read more...] about San Diego may seek to merge its 911 call center with others across region
White House proposes merging education, labor By JILL COLVIN and KEN THOMAS, Associated Press WASHINGTON (AP) — The Trump administration will propose a major reorganization of the federal government on Thursday that calls for merging the education and labor departments, moving the federal food stamp program to the Department of Health and Human Services and renaming that agency. Mick Mulvaney, director of the Office of Management and Budget, told The Associated Press in an interview that the effort is part of the president's "drain the swamp' agenda" and was aimed at streamlining a long list of overlapping regulations and department functions. The sweeping reorganization proposal, which will be formally unveiled during the president's cabinet meeting Thursday, is the result of a presidential order signed by Trump in March 2017 calling for a review of the federal government aimed at identifying redundancies and streamlining agencies. It's the latest in a long line of federal … [Read more...] about White House Proposes Merging Education, Labor