No one could have predicted that an obscure legal structure designed to be used by Swiss sports clubs and other nonprofits would end up fundamentally reshaping the legal industry.

The Swiss verein, which allows firms to combine more easily and retain their existing forms, has been adopted in almost every major cross-border law firm tie-up of the past decade, including those that created Dentons, DLA Piper, Hogan Lovells, King & Wood Mallesons, Norton Rose Fulbright and Squire Patton Boggs. (Baker McKenzie and Littler Mendelson are also vereins.) Vereins now account for five of the world’s 15 largest law firms by revenue, according to The American Lawyer’s Global 100 survey—including three of the top six.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]