Ed. note: Law Shucks focuses on life in, and after, BigLaw, including by tracking layoffs, bonuses, and laterals. Above the Law is pleased to bring you this weekly column, which analyzes news at the world’s top law firms.
This is supposed to be the quiet time of year for BigLaw, but it seems firms and lawyers are taking that as an opportunity to re-assess their situations. Merger talks and lateral moves have been on the upswing lately.
The Hogan Lovells merger is old news by now, and it’s been just over a week since Sonnenschein and Dentons partners voted to approve the merger of those firms to create SNR Denton, which will become effective September 1. The Ho-Love tie-up led to more than a dozen partners’ departures, and we won’t be surprised to see similar movement in the coming months as the SNR Denton closing approaches.
We may be seeing a handful of other firm combinations, particularly continuing in that Anglo-American variety.
Chicago’s Mayer Brown, which has already integrated one UK firm (Rowe & Maw back in 2002), has been in on-again/off-again (currently on) talks with London’s Simmons & Simmons. Proskauer and SJ Berwin have also been rumored to be talking merger, although that has been quiet for the past month. Bruce MacEwen at Adam Smith, Esq. has his thoughts on what makes these mid-ranking London firms attractive targets to a certain type of US firm.
Reed Smith, K&L Gates, and Bryan Cave are other US firms that would "actively consider" UK acquisitions. Reed Smith has already walked down this path twice: with Richards Butler in 2007 and Warner Cranston in 2001.
Freshfields is taking a much-more casual approach. Rather than committing to anyone, the firm is "creating a framework for ad hoc referrals" rather than a "Lovells-style ‘Mexican Wave’" arrangement (we had to look that one up – the ‘Mexican Wave’ is just ‘the wave’ thing done by crowds at sporting events – and we’re still not sure how it applies to law firms).
After the jump, we recap the week’s news on summer programs, lots of law-firm litigation, and, unfortunately, another addition to the Layoff Tracker.
Continue reading “This Week in Biglaw: 06.20.10″