The grand illusion - are twin-partnership unions mergers in name only?
Law firm managing partners await publication of The Am Law 100 with great anticipation. In the publishing industry, rankings are a sure seller, and The Am Law 100 is a ranking par excellence. And, while The American Lawyer often relies upon law firms to supply their own financial data, there is widespread belief that the reported metrics are substantially correct. Until now. The ranking has been undermined not by law firms, but by the magazine itself. Because The American Lawyer now treats two or more independent firms within a Swiss verein as a single law firm, it has debased the financial results upon which its ranking rests.
Some of the entrants in this year’s Am Law 100 are firms in name only, contends K&L Gates’ Peter Kalis
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