The high-profile takeovers of three of Germany's most respected law firms by the UK magic circle at the end of the 1990s generated more than their fair share of headlines. But four years down the line, ructions at all three firms suggest the integration process has not gone as smoothly as could have been hoped. So what now for the big three? Sarah Gill reports
July 28, 2004 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
In June 2004, the three biggest Anglo-German merged firms were all predictably making headlines – but not, for once, in a positive way.
Most recently, it was reported that 19 partners at Linklaters, which merged with Oppenhoff & Raedler in 2000, were to be targeted in a major shake-up of the firm’s remuneration system, and nine de-equitised. The firm has since confirmed that it is undertaking a sweeping review of its partner-ship structure, aimed at improving profitability.
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