Posted Jun 21, 2010 11:37 am CDT
Trans-Atlantic mergers between law firms appear to be all the rage.
The latest firms said to be in merger talks are Mayer Brown and U.K.-based law firm Simmons & Simmons.
Management teams from the law firms held merger talks last week “in a secret off-site location,” the Lawyer reports. Simmons partners were informed of the “preliminary discussions” in an e-mail on Thursday evening, Legal Week says.
A merged firm would have 2,400 lawyers in the United States, Europe, the Middle East and Asia, the Lawyer says. A merger, however, could lead to “a slew of departures,” the publication says, relying on an unnamed source.
Tony Williams of Jomati Consultants told the Lawyer that the latest merger discussions are “a continuation of a trend we’ve seen over the past nine months, and it puts pressure on other firms to seriously look at their options.”