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Canada’s Miller Thomson to Merge Soon
A merger plan for Miller Thomson, one of Canada’s largest national law firms, might surface soon. Pierre Paquet, a litigation partner in the firm’s Montreal office, told the Montreal Gazette that Miller Thomson partners could be asked to approve a merger scheme as early as next week. Paquet cited that tentative nature of the talks is now under negotiation but the Miller Thomson partners had yet to vote on the proposal.
Other Canadian firms continue to hunt for merger partners. Canada’s Ogilvy Renault announced it would now become part of a new Norton Rose international mega-firm. McMillan and Lang Michener also revealed their intention to combine operations earlier this month.
According to Legal Week report, Canada’s financial adaptability in the face of the global economic downturn and its abundance of natural resources make the country an attractive target for US and British firms seeking a base of operations. However, Gregory Turnbull, Calgary regional managing partner at McCarthy Tétrault, told Legal Week that a merger by one of Canada’s top firms is unlikely. “With most international markets either flat or depressed, firms are looking to place themselves where the deal flow is, which Canada is able to provide as one of the world’s resource hubs for oil and gas and mining. I would be surprised, however, if the top-tier Canadian firms decided to pursue [the merger] route,” he added.Canada’s Miller Thomson to Merge Soon by marvins
Tagged: Canada, Canadian firms, Lang Michener, Legal Week, mccarthy tetrault, McMillan LLP, merger scheme, mergers & acquisitions, Miller Thompson LLP, miller thomson, Montreal Gazette, national law firms, Norton Rose, Ogilvy Renault, Paquet, resource hubs