What They're Saying About BigLaw Merger Rumor Across the Pond
When you drill down a bit into the data, the much talked about Lovells/Hogan merger has some interesting issues. For example, there is a rather significant differential in PEP between the two firms, with Lovells being on the short side, which raises a question about how this will play out. Most would look at this development as positive in this economic climate, because merger activity of any consequence has been decidedly sparse of late. If this comes to pass, it will not be an inconsequential merger by any measure.
Thursday, October 8, 2009
Wednesday, October 7, 2009
Playing the Middle Game: Is Now the Time to Expand? Check
Playing the Middle Game: Is Now the Time to Expand? Check
Here is another article that seems to take an encouraging and forward looking view about the future. However, as one person quoted in the article said, "People are more cautious about their global investments right now." That being said, at least people are starting to talk about expansion, and some are even expanding. So, at least for some law firms, there is a light at the end of the tunnel.
Here is another article that seems to take an encouraging and forward looking view about the future. However, as one person quoted in the article said, "People are more cautious about their global investments right now." That being said, at least people are starting to talk about expansion, and some are even expanding. So, at least for some law firms, there is a light at the end of the tunnel.
Tuesday, October 6, 2009
A&O in bid to dominate US work in London | News | The Lawyer
A&O in bid to dominate US work in London News The Lawyer
I take this as a sign that some law firms are preparing for a brighter future in the belief that a solid economic recovery is now underway and that, despite the bad news of lagging indicators such as unemployment, significant capital markets work is close a hand. I think this article also underscores the trend of mobility in the profession. We are starting to see more of that again, which is another sign to me that some of us see a recovery at hand.
I take this as a sign that some law firms are preparing for a brighter future in the belief that a solid economic recovery is now underway and that, despite the bad news of lagging indicators such as unemployment, significant capital markets work is close a hand. I think this article also underscores the trend of mobility in the profession. We are starting to see more of that again, which is another sign to me that some of us see a recovery at hand.
Friday, September 18, 2009
After Moscow Defection, Firms Brings Four Lawyers In From the Cold
After Moscow Defection, Firms Brings Four Lawyers In From the Cold
The saga of Dechert and Chadbourne and attorney mobility continues and more players seem to be joining the fray. In some ways, this mobility is not surprising. If you are willing to leave one firm, why wouldn't you be willing to leave the firm you went to? This really can't be good for the profession though.
The saga of Dechert and Chadbourne and attorney mobility continues and more players seem to be joining the fray. In some ways, this mobility is not surprising. If you are willing to leave one firm, why wouldn't you be willing to leave the firm you went to? This really can't be good for the profession though.
Wednesday, September 16, 2009
Chadbourne Regains Moscow Partner From Dechert
Chadbourne Regains Moscow Partner From Dechert
This article is a "mobility curiosity." The mobility of the profession has increased dramatically over the last decade or so with lawyers changing firms at a remarkable pace. This sequence of events, perhaps, takes the cake. It also makes you wonder how dedicated the participants were in the first place. Perhaps the most important issue, which the article does not discuss at all, is the impact on clients who have to decide whether they wish to follow the attorney changing firms. This certainly cannot give such clients a comfortable feeling, and it must also prove costly as new teams get up to speed, etc.
This article is a "mobility curiosity." The mobility of the profession has increased dramatically over the last decade or so with lawyers changing firms at a remarkable pace. This sequence of events, perhaps, takes the cake. It also makes you wonder how dedicated the participants were in the first place. Perhaps the most important issue, which the article does not discuss at all, is the impact on clients who have to decide whether they wish to follow the attorney changing firms. This certainly cannot give such clients a comfortable feeling, and it must also prove costly as new teams get up to speed, etc.
Tuesday, September 15, 2009
Hiring not firing | Opinion | The Lawyer
Hiring not firing Opinion The Lawyer
Conyers is clearly trying to seek out the opportunities the economic downturn has presented and get ahead of the curve when the recovery starts to take hold. Much of what Conyers is doing and saying makes good sense.
Conyers is clearly trying to seek out the opportunities the economic downturn has presented and get ahead of the curve when the recovery starts to take hold. Much of what Conyers is doing and saying makes good sense.
Wednesday, September 2, 2009
Norton Rose puts US high on agenda | News | The Lawyer
Norton Rose puts US high on agenda News The Lawyer
Regardless of the merits of NR's plans, it is good to see people starting to make forward looking plans again. Most economic forecasters are calling the bottom of the current recession as this past June. If this is correct, and it appears as if it is, this is the time to start thinking about the future and making plans to capitalize on the recovery that is now underway. Historically, the deeper the recession, the more robust the recovery once it takes hold. Thus, there may be reason to think that the coming recovery will be much more robust that many people are now predicting. This being said, NR's move is not without controversy as the legal press shows. Not everyone things it is a good idea. Some also predict it will fail. I will take a more watch and see what happens view. The timing seems to be right in any case.
Regardless of the merits of NR's plans, it is good to see people starting to make forward looking plans again. Most economic forecasters are calling the bottom of the current recession as this past June. If this is correct, and it appears as if it is, this is the time to start thinking about the future and making plans to capitalize on the recovery that is now underway. Historically, the deeper the recession, the more robust the recovery once it takes hold. Thus, there may be reason to think that the coming recovery will be much more robust that many people are now predicting. This being said, NR's move is not without controversy as the legal press shows. Not everyone things it is a good idea. Some also predict it will fail. I will take a more watch and see what happens view. The timing seems to be right in any case.
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