var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function() { googletag.pubads().disableInitialLoad(); });
device = device.default;
//this function refreshes [adhesion] ad slot every 60 second and makes prebid bid on it every 60 seconds // Set timer to refresh slot every 60 seconds function setIntervalMobile() { if (!device.mobile()) return if (adhesion) setInterval(function(){ googletag.pubads().refresh([adhesion]); }, 60000); } if(device.desktop()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [728, 90], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } else if(device.tablet()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [320, 50], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } else if(device.mobile()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [320, 50], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } googletag.cmd.push(function() { // Enable lazy loading with... googletag.pubads().enableLazyLoad({ // Fetch slots within 5 viewports. // fetchMarginPercent: 500, fetchMarginPercent: 100, // Render slots within 2 viewports. // renderMarginPercent: 200, renderMarginPercent: 100, // Double the above values on mobile, where viewports are smaller // and users tend to scroll faster. mobileScaling: 2.0 }); });
Download App | FOLLOW US ON SOCIAL MEDIA
 Upload Your Resume   Employers / Post Jobs 

WSJ Says Law Firms Are Entering ''Arms Race'' Because of Merger Mania

published December 11, 2012

By Author - LawCrossing
Published By
( 2 votes, average: 3.6 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
12/11/12

WSJ Says Law Firms Are Entering "Arms Race" Because of Merger Mania



The recent rush by American law firms to enter into cross-border mergers as a way to grow could result in "an arms race" according to British legal consultant Tony Williams, who talked to the Wall Street Journal.

Williams also told the paper that he estimates the number of law firms in the $2 billion club to double from the current five to ten by the end of 2013. Out of the current five, only two, Skadden and Latham & Watkins have grown without mergers. The remaining three: Baker & McKenzie , have all grown substantially because of mergers.

The WSJ also notes that while three mega-mergers have already been announced in the past month, legal experts are predicting more in 2013. The key reasons: retaining market share, client loyalty and growing by tapping into key emerging markets.

The three recent mergers announced in the BigLaw world are:
  • Fulbright & Jaworski will merge with Norton Rose to create a law firm with 3,800 attorneys.
  • SNR Denton in a three-way merger with Salans and Fraser Milner Casgrain to create a law firm with 2,500 attorneys.
  • K&L Gates will merge with Middletons to create a law firm with over 2,000 attorneys.

published December 11, 2012

By Author - LawCrossing
( 2 votes, average: 3.6 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

Related