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U.S. Firms in London Say They're More Merger-Minded
Legal Week's annual survey of U.S. firms in London reveals that 47 percent of respondents would consider a merger with a U.K. firm, up from 39 percent last year and just 29 percent in 2005. The trend may signal that firms realize how hard it is to grow organically in the London legal market, which by some measures is now the most costly in which to operate worldwide. Putting additional pressure on U.S. firms: the weak dollar and the related disadvantage in attracting heavy-hitting London partners.U.S. firms in London say they're more merger-minded
Legal Week's annual survey of U.S. firms in London reveals that 47 percent of respondents would consider a merger with a U.K. firm, up from 39 percent last year and just 29 percent in 2005. The trend may signal that firms realize how hard it is to grow organically in the London legal market, which by some measures is now the most costly in which to operate worldwide. Putting additional pressure on U.S. firms: the weak dollar and the related disadvantage in attracting heavy-hitting London partners.Ineligible In-House Counsel, Multijurisdictional Practitioners and Pro Hac Vice Attorneys
Notice to the bar.Proskauer closes in on long-awaited London debut
Proskauer Rose is set to make its entrance into the London market with the New York firm in talks to recruit the former head of O'Melveny & Myers' London arm to launch its U.K. law practice. Proskauer is in advanced discussions with O'Melveny private equity partner Matthew Hudson about leading the new venture — ending months of speculation about its entrance to London.Trending Stories
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