Norton Rose US merger is ‘inevitable’ - 23 February 2009

Norton Rose US merger is ‘inevitable’ - 23 February 2009
The Magic Circle firms have long thought that capital markets work was going to be dominated by either New York or London, but not both. That is why many Magic Circle firms have established very significant presences in New York, but not all have done so through a merger. Many New York firms are doing the same in reverse. It seems clear the Magic Circle firms are planning to be ready to jump one way or the other, depending on how the capital markets work shakes out. This Norton Rose article is cumulative to the conventional wisdom, but its significance is that the current economic climate does not seem to have changed the long term outlook.