There's 'Heightened' Interest In U.S. And U.K. Biglaw Mergers
London calling to the faraway towns, now a merger's declared, and the firms come down.
Ed. note: Welcome to our daily feature, Quote of the Day.
There have been a number of direct outreach inquiries from U.K. to U.S. firms. While that’s not necessarily anything new, per se, we have seen a heightened level for that in the last year.
— Kristin Stark, a consultant with Fairfax Associates, in comments given to the American Lawyer on the likelihood of more cross-border combinations being completed in the near term in the wake of the A&O Shearman merger, which joined U.K. firm Allen & Overy and U.S. firm Shearman & Sterling. Kent Zimmermann, a consultant with Zeughauser Group, said, “There are Magic Circle and Silver Circle firms that very much have this option on the table, and for the right opportunity and on the right terms, are ready to pull the trigger.” Zimmerman added that his company is “advising” some of those firms, and that they’re “talking to each other.”
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on X/Twitter and Threads or connect with her on LinkedIn.
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