The bad news coming out of the self-proclaimed “Fastest Growing Law Firm in the History of the World” continues with reports not only of a flood of firm departures, but also now reports of fractured client relationships.Pierce Bainbridge Beck Price & Hecht LLP continues to take on water. Time will tell if managing partner John Pierce, given to tough marine-talk, Captain … [Read more...]
The Decade's Big Law Failures: Why Do Big Law Firms Fail?
Brian Holmes - Remember Dewey & LeBoef? Just one of the last decade's law firm failures, some of which BloombergBigLaw have kindly catalogued as a decade send-off for the failed firms. Law firms fail for a large number of reasons, but one of the unique aspects to major law firm failure is the unique nature of their ownership. As John Morley pointed out in a Harvard … [Read more...]
Why Allen & Overy and O’Melveny Fell Over . . And What It Says About US-UK Firms
"Compelling synergies" between two Big Law firms not enough to cement merger deal Attempts by City-based legal giant Allen & Overy to enter the US legal market have collapsed after 18 months of talks with US - based O'Melveny & Myers and evidences the structural differences between US and UK law firms. Allen & Overy said in a statement that "compelling … [Read more...]
Another Large London Law Firm Merger
Another City firm is about to be born with the potential merger of Speechly Bircham & Withers in a firm that would create a City-based firm of around 500 lawyers and 11 global offices. The combined firm would create an opportunity for the corporate and property base of Speechlys to combine with the international reach that Withers has via its 10 global … [Read more...]
More Law Firm Implosions to Come
http://www.youtube.com/watch?v=UAZHXV-hj64 The prospect of more law firms imploding is a scary one for both partners and law job seekers, but according to the law firm consultant Bruce MacEwen, who also blogs at AdamSmithEsq.com, there will be more implosions among the Big Law category firms: and some of the names will be brand name firms. MacEwen's prediction refers to the … [Read more...]