Legal industry 'set to see more mergers and acquisitions'
A leading expert has predicted an upturn in mergers and negotiations in the legal sector.
The number of mergers and acquisitions taking place in the legal
sector is likely to increase over the coming months as the economic
climate encourages negotiations, one expert has stated.
Just recently, British-based law firm Denton Wilde Sapte (DWS)
announced plans to go-ahead with a mooted merger with American
company Sonnenschein Nath & Rosenthal (SNR), following several
weeks of negotiations.
And, according to Denton's chief executive Howard Morris, this
proposed merger could be the first of many taking place within the
legal sector over the coming weeks and months as firms take
advantage of favourable economic conditions and, above all,
recognise the need to merge transatlantic knowledge.
"I think our peers are going to have to recognise that there's a
tide of economic events and business developments that are
increasingly pushing towards US [coverage]," he told the
"We recognise - as have Hogan Lovells and DLA Piper - that there
are opportunities there," he added.
Lovells recently finalised its merger with Washington-based
Hogan & Hartson law firm.