If Keith Clark’s shoulders are sagging a little more than usual these days, there’s a good reason. As chairman of the world’s largest law firm, he’s carrying a globe on his back.
By the time this magazine arrives in your in-box, New York’s Rogers & Wells and Germany’s P�nder, Volhard, Weber & Axster will have merged with Clark’s firm, Clifford Chance, to create a new 3,000-lawyer global behemoth with estimated revenue of $1.2 billion its first full year. Will the firms’ herculean gamble pay off? The American Lawyer recently obtained the confidential 211-page partners’ prospectus for the merger. The tome reveals in intimate detail the potential payoffs from the deal (the firms are blending blue-chip clients and slashing their rent bills), as well as many of the remaining hurdles (notably disparate partner profitability) that the firm will have to overcome.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
For questions call 1-877-256-2472 or contact us at [email protected]