Partners at 1,140-lawyer SNR Denton will vote on a three-way merger with European firm Salans and Canadian firm Fraser Milner Casgrain. “This is the first major merger between firms with a substantial presence in the U.S. and Canada,” SNR Denton global chairman Joseph Andrew said.
BIG FIRMS LAG
Figures for the first nine months of 2012 indicate that the legal industry will likely fall short of 2011′s single-digit profit growth, according to Citi Private Bank’s Law Firm Group. Not only did third-quarter revenue and demand growth slow from the first half of the year, demand declined compared to the third quarter of 2011.
MIDSIZE MELLOW
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