‘Big Law Mergers Fuel Skepticism'
Amid a Wave of Megamergers, Some Say Expertise — Not Size — Matters More
By Jennifer Smith
The Wall Street Journal: Business (Law Journal), November 10, 2013
“When it comes to law firms, bigger may not always be better.
A wave of legal tie-ups has created a fleet of supersize law firms with offices around the world, and more are in the works this fall.
Partners at cross-border entity Dentons and U.S. firm McKenna Long & Aldridge LLP, for example, are poised to vote on a union that would produce one of the top three global law firms by head count. Recent merger talks between two big U.S. firms—Orrick, Herrington & Sutcliffe LLP and Pillsbury Winthrop Shaw Pittman LLP—could lead to the creation of another big player.
But law firms with the urge to merge might check with their clients first…
Global behemoths occupy most of the top-20 slots in one widely cited brand survey by Acritas, a global legal market research specialist, that asked general counsel which law firms they feel most favorable toward, and which they considered the most for multi-jurisdictional work…”
The full article can be found athttp://online.wsj.com/news/articles/SB10001424052702304672404579185983008199814?mod=googlenews_wsj
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