Credit: Vadym/Adobe Stock UK and US Law Firms in Merger Talks as Demand for Scale Grows
"There have been a number of direct outreach inquiries from U.K. to U.S. firms," noted a firm consultant.
September 17, 2024 at 05:30 AM
5 minute read
Law Firm Mergers
The original version of this story was published on The American Lawyer
Trans-Atlantic law firm merger talks are continuing to take place behind the scenes, said law firm consultants, with U.S. law firms looking to build scale globally, and U.K. firms attracted to profits from the world's highest-priced markets.
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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.
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