BCG News 06/09/09
06/09/2009
Dentons
, Squire Sanders Consider Transatlantic Merger
The UK's Dentons is in merger talks with Squire Sanders.
The negotiations are said to be in the early stages. No one will officially comment, except that Dentons confirmed an interest in a merger with a US firm. It stressed that no deal is imminent.
The combined revenues of the two firms would be at least £500 million ($800.9 million).
Denton Wilde Sapte LLP is a law firm headquartered in the City of London that employs over 600 lawyers.
Founded in 1890, Squire, Sanders & Dempsey LLP has 32 offices in 15 countries across the globe.
DLA Piper
to Keep Only 35% of Incoming Trainees
The UK offices of DLA Piper have cut incoming trainees from their intakes of newly-qualified lawyers.
The firm will only be keeping four of its 12 trainees in Birmingham; 14 out of 34 in London; and just two out of 11 in Scotland.
DLA Piper is one of the largest law firms in the world, and is the only firm with more than 3,700 lawyers in North America and Europe. DLA Piper is a legal services organization whose members and affiliates are separate and distinct legal entities. Together, the organization operates in 28 countries and 66 offices throughout the world.
McDermott Lays Off 25 Associates, 47 Staff
McDermott Will & Emery, which last week cut pay for its summer associates, announced today it has laid off 25 associates and 47 staff.
Some first year associates were cut, but are being offered a public service fellowship. The amount of the stipend was not disclosed.
In March the firm froze associate salaries; in February, McDermott laid off 60 associates and 89 staff.
McDermott Will & Emery LLP
headquartered in Chicago, Illinois. It is one of the top 10 largest law firms in the United States and one of the 20 largest in the world.
Dentons
The UK's Dentons is in merger talks with Squire Sanders.
The negotiations are said to be in the early stages. No one will officially comment, except that Dentons confirmed an interest in a merger with a US firm. It stressed that no deal is imminent.
The combined revenues of the two firms would be at least £500 million ($800.9 million).
Denton Wilde Sapte LLP is a law firm headquartered in the City of London that employs over 600 lawyers.
Founded in 1890, Squire, Sanders & Dempsey LLP has 32 offices in 15 countries across the globe.
DLA Piper
The UK offices of DLA Piper have cut incoming trainees from their intakes of newly-qualified lawyers.
The firm will only be keeping four of its 12 trainees in Birmingham; 14 out of 34 in London; and just two out of 11 in Scotland.
DLA Piper is one of the largest law firms in the world, and is the only firm with more than 3,700 lawyers in North America and Europe. DLA Piper is a legal services organization whose members and affiliates are separate and distinct legal entities. Together, the organization operates in 28 countries and 66 offices throughout the world.
McDermott Lays Off 25 Associates, 47 Staff
McDermott Will & Emery, which last week cut pay for its summer associates, announced today it has laid off 25 associates and 47 staff.
Some first year associates were cut, but are being offered a public service fellowship. The amount of the stipend was not disclosed.
In March the firm froze associate salaries; in February, McDermott laid off 60 associates and 89 staff.
McDermott Will & Emery LLP
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