The merger goes live tomorrow
Here’s the intro to the story
Three London law firms are combining on Monday to create a behemoth expected to pull in £1bn in annual revenues, as the legal sector consolidates to deal with increasing globalisation and pressure from new entrants.
The union of CMS UK, Nabarro and Olswang is the largest ever in the UK legal market. It is also one of more than 35 deals involving US and UK law firms announced in the first four months of this year, according to the consultancies Altman Weil and Jomati, which track legal mergers. Senior partners and analysts say the combined firm will be the world’s sixth-largest by headcount, with about 3,400 full-time lawyers and a presence in 39 countries, and is evidence that the drive to merge shows little sign of slackening.
https://www.ft.com/content/c3d572a4-2bfe-11e7-bc4b-5528796fe35c
