Merger mania again - but has anything changed this time?
You can forget all the forensic stuff about strategic tie-ups; large UK mergers usually don't make it over the line because the partners haven't wanted them enough and didn't sufficiently fear the consequences of not doing a deal...
The news confirmed yesterday (19 January) that Pinsent Masons and McGrigors are in advanced merger talks suggests 2012 is set to be a bumper year for law firm M&A. With discussions between DWF and Cobbetts emerging in November and Legal Week this week establishing the existence of the much-rumoured talks between Herbert Smith and Australian leader Freehills, the urge to merge is obviously spread across widely varying sections of the legal industry. And that’s before you get into the frenzied round of merger gossip currently doing the rounds.
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