What now for Simmons after Mayer Brown fling?
The breakdown of merger talks between two law firms often proves to be an unsettling moment for both parties. Sometimes it can prove a lot worse than that. When talks between Mayer Brown and Simmons & Simmons foundered last week (29 June), Mayer Brown was keen to get the message across that it, rather than Simmons, had called negotiations to a halt. Partners at Simmons, however, appear relaxed about the affair. "We don't feel like the injured party here," observes one Simmons partner, "but we have no interest in getting into a spin debate in the media." Another partner adds: "Obviously it's not nice to have your firm's name on the front page of every legal newspaper unless it's to do with a new big client win. But internally I don't think people are too upset since the talks were so preliminary and no-one aside from the management had really had a chance to get excited about it."
Amid the spin of abandoned talks, Simmons looks set to revisit its options for a US merger
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now