'This is not about trying to create a mid-market DLA Piper' - why Womble Bond Dickinson's leaders are not planning to go global
Bond Dickinson's Jonathan Blair and Womble Carlyle's Betty Temple set out their plans for their new transatlantic union
June 02, 2017 at 05:40 AM
4 minute read
Bond Dickinson managing partner Jonathan Blair insists his firm's transatlantic tie-up with US counterpart Womble Carlyle is not the first step in a path towards multiple international mergers, like Dentons or DLA Piper.
"That is not part of the plan – this is not about trying to create a mid-market DLA Piper," he insists. "This is unique, there is no other entity which has done what we are doing with a transatlantic tie-up focusing on these two jurisdictions."
What sets the union, due to go live in October, apart is that neither firm has a single office outside its home country.
Bond Dickinson, formed through the 2013 merger between Bristol-headquartered Bond Pearce and Newcastle-based Dickinson Dees, has eight offices across the UK, while Womble has 15 offices across the US.
While the UK firm has referral relationships with Germany's Redeker Sellner Dahs and France's Bersay Associés, to date it has had no international offices under its own brand name. Womble meanwhile has so far relied on its Lex Mundi links outside the US and UK.
Not that Blair is ruling out further mergers entirely. While not part of the plan, he concedes: "I wouldn't say never." Indeed, when the initial alliance between the two firms was signed a year ago, a merger was not part of the original plan.
According to Blair, it was the success of this initial alliance as well as macro factors like Brexit that prompted the two sides to seek further integration.
"The strategic alliance was proving a success and other things happening, such as the UK voting to leave the EU and the US voting in Trump, meant that [the UK and US] started falling back on their special relationship, with political and economic ties between the two becoming increasingly important."
Womble Carlyle's CEO and chair, Betty Temple, says the deal will create a "new breed of transatlantic law firm", building on the success both firms have gained in regional markets rather than capital cities.
Temple says the new entity will aim to "deliver the classic Womble and Bond Dickinson service throughout the country and on a regional basis".
The deal, structured as a company limited by guarantee, will leave both the UK and US firm in full control of their finances and strategy.
Critics could argue that on this basis the deal does not sound much more integrated than the previous exclusive alliance.
Blair, however, refutes this, saying: "We will go to market as one; there will be one single website, the same email addresses." He also mentions the joint management board, which will run the combined entity, consisting of four partners from each firm.
From a client perspective, Blair says the deal will provide a "quality kitemark" and that if clients "have bought Bond Dickinson in the UK or Womble Carlyle in the US and recognise the quality of the advice, we can now say that we can do that in the UK or US as well".
Areas of synergy, according to Temple, include financial institutions, where both firms have been working with challenger bank Atom Bank during the past year, manufacturing, real estate and the retail and consumer sector.
Temple cites Bond Dickinson's strength in the energy and transport sectors as something that Womble would like to replicate and also mentions Womble's strength in life sciences as something that could be emulated across the Atlantic in the UK.
While neither firm is particularly well known outside of its domestic market, the new leaders think this will change under the new Womble Bond Dickinson banner.
Blair is certainly not concerned about any memories of furry TV show characters the name may evoke in the UK.
Womble is a "very strong brand in the US" he says, adding: "I am aware of the 1970s connotation around The Wombles, but it is something of nothing I would say."
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllTrump and Latin America: Lawyers Brace for Hard-Line Approach to Region
BCLP Mulls Merger Prospects as Profitability Lags, Partnership Shrinks
Trending Stories
- 1Friday Newspaper
- 2Judge Denies Sean Combs Third Bail Bid, Citing Community Safety
- 3Republican FTC Commissioner: 'The Time for Rulemaking by the Biden-Harris FTC Is Over'
- 4NY Appellate Panel Cites Student's Disciplinary History While Sending Negligence Claim Against School District to Trial
- 5A Meta DIG and Its Nvidia Implications
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250