As firms target mergers to help them move up the food chain of the Global 100, a 10-year view shows that ‘bet the company’ work remains dominated by a very select club. Aric Press reports
Once again, it’s merger-talk season. There was a flurry of activity last year that culminated in the various Sonnenschein Nath & Rosenthal, Norton Rose and Squire Sanders & Dempsey transoceanic combinations. They were notable because they all opted to organise as Swiss vereins rather than single-profit sharing partnerships, and all were motivated, at least in part, by a desire to get bigger so they could compete for work and talent that was waiting for those firms that, well, got bigger.
