1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
Law Recruiter Gives 10 Reasons Why Firms Pick Fewer Older Attorneys
Law Recruiter Gives 10 Reasons Why Firms Pick Fewer Older Attorneys
Begin a New Career with LawCrossing
Begin a New Career with LawCrossing
Barclays Bank Sued by New York Attorney General Eric Schneiderman
Barclays Bank Sued by New York Attorney General Eric Schneiderman
IP Law is a Capital Practice Area
IP Law is a Capital Practice Area
Job Listings

Dentons and McKenna Bring Merger Season to Fever Pitch

facebooktwittergoogle_plusredditpinterestlinkedinmail

It’s been a year of law firm mergers, with the most we’ve seen since the economical meltdown of 2008; and since a tepid market and global competition are best fought by merging, its no surprise so many firms have adopted this strategy. The latest massive merger concerns Dentons and McKenna Long & Aldridge, who, if they unite, will become the third-largest law firm in the world, with only DLA Piper and Baker & McKenzie boasting a larger head count.

All that needs yet to be done is put the proposal to a vote. “The boards of Dentons and McKenna Long & Aldridge have recommended to their partners that the firms combine, subject to the approval of their respective partnerships,” the two firms said in a joint statement, as as The Am Law Daily reported. “The voting procedures will follow the protocols of each firm and will be completed no later than November 14, 2013.”

The firms have done fairly well this last year, in the meantime. Dentons saw its revenue hold steady at $710.5, with profits per equity partner bouncing 12.1 percent, while McKenna saw a 23.4 increase in revenue to $345 million, with profits per equity partner dipping 3.6 percent.

As for the final name of this two-headed behemoth, that is not yet disclosed.

What

 job title, keywords

Where

 city, state, zip



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


Dentons and McKenna Bring Merger Season to Fever Pitch by

facebooktwittergoogle_plusredditpinterestlinkedinmail

Tagged: , ,

Daniel June Posted by on October 30, 2013. Filed under Home. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Real Estate Associate
USA-TX-Dallas

Our client is a north Dallas law firm who seeks a Real Estate Development Associate.  The ideal candidate will have 2-4 years law firm experience concentrated in representing real estate develope...