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Legal industry 'set to see more mergers and acquisitions'

A leading expert has predicted an upturn in mergers and negotiations in the legal sector.

01 June 2010

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 Lawyer.

"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.

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