UK Megafirm Norton Rose Is Looking for Merger Partners in US and China, CEO Says
Posted Apr 17, 2012 5:37 PM CDT
By Martha Neil
Having grown from 1,200 attorneys in 2009 to 2,900 today through a series of mergers with law firms in Australia, Canada and South Africa, a United Kingdom-based megafirm isn't done yet.
Norton Rose is looking for merger partners in the United States and China, its chief executive officer tells Bloomberg, although it isn't actively in talks with any one law firm in either country.
“If the right thing comes along at the right time, we’ll do it," CEO Peter Martyr told the news agency in an interview. He said Norton Rose would want to do such a merger within the next two to five years and, in the U.S., would focus on law firms with a strong presence in New York.
The law firm's earlier combinations involved a so-called verein structure with separate finances, the article notes.
ABAJournal.com: "Norton Rose to Merge with Macleod Dixon, Increasing Megafirm’s Attorney Roster to 2,900"