U.K-based Simmons & Simmons, which cut off merger talks with U.S.-based Mayer Brown this summer, is still considering entering the U.S. market through a merger with a U.S. firm, LegalWeek is reporting.
Though emphasizing that such a merger is not a “key strategic target” of the firm, the story revealed Simmons & Simmons management informed its membership during a partners’ weekend earlier this month that such a merger remains a possibility.
“The basic message is that a US merger is not a driver of our strategy but that we remain open-minded about the option,” Managing Partner Mark Dawkins told LegalWeek.
Simmons & Simmons currently has a presence in Europe, the Middle East and Asia. It is rated a top-15 firm in the U.K, according to LegalWeek.
Posted by joshua
on October 21, 2010. Filed under Home,Law Firm News,Legal News.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
Attorney Career Resources is sponsored by BCG Attorney Search, the nation's leading placement firm, specializing in law firm placements.
Law firms of all sizes are being much more selective about who makes equity partner. Gone are the days where doing good work and putting in your time is enough to get you to a profit sharing level. Today, equity partners almost always have to prove that they can contribute their share to the firm. So what does this mean for associates and how can a two-tiered partnership track be beneficial? With a two-tiered partnership structure, associates get more time to prove themselves and also more time to determine whether partnership is the right goal for them. Two-tier partnerships (non-equity and equity) exist so the firm can train and develop associates into equity partners. The non-equity track to partner at most firms is on average, 6 years long. [...]
May 16, 2013 Read More
 |
||
| Search Thousands of Legal Jobs | ||
|
Job Type: |
||
 |
||
|
Browse Jobs by Location: |
||
|
||
| Keyword Search: | ||
|
||
Recent comments