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Ten Firms Line Up for Glencore's $6.2 Billion Bid for Canada's Viterra
NY and London Firms Won't Tie Knot
When New York's Rogers & Wells announced it was merging with London's Clifford Chance last spring, industry watchers widely predicted a flurry of transatlantic mergers would soon follow. But they were wrong. One year after the news broke, there has not been a single top-tier New York firm, or even second-tier firm, to combine with a top United Kingdom firm.Report: Linklaters, Aussie Legal Giant AAR in Talks About Joining Forces
The Global 100 2010: Sound as a Pound
Before the downturn, the sterling's rise made strong performances by British firms look even better. Now the weaker pound is making poor results look even worse.McKee Nelson: The Richest Guys in Town
After almost a decade of exponential growth, Washington, D.C.-based McKee Nelson is a high-end tax and capital markets outfit targeted at Wall Street. While its competition works to get bigger, the 210-lawyer McKee Nelson has been able to do what most D.C. firms have not: build a New York outpost that is the equal of, if not superior to, the home office. "We're going to be the best at what we do, and we're not going to allow practices to cannibalize each other," says managing partner William Nelson.Major U.K. Firms Cut Back Profit Payouts Amid Tough Markets
A growing number of U.K. firms are either holding back or reducing partner profit distributions as a result of the recession. Pinsent Masons and DLA Piper have both withheld profit distributions in recent months. Pinsent has withheld its last two quarterly profit distributions, with the firm attributing the "profits distribution holiday" to a series of management responses to the recession. DLA held back its August distribution firmwide and has yet to decide on its next payment, due in November.Can Your Firm Cope Without Its Leader?
The loss of a leader can rip the heart out of a law firm, sapping morale, identity and confidence. Case in point: Boston's Testa, Hurwitz & Thibeault, which dissolved this year. Some firms actually resist facing up to managing partners' retirement or the phasing out of their duties -- a situation that one consultant likens to "telling your father that he now ought to take the back seat." To those who haven't planned ahead, experts warn that a fear of dealing with the future can leave a law firm without one.Trending Stories
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