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Firm News: Denton Wilde Sapte and Sonnenschein Nath & Rosenthal Set To Merge

by on June 2, 2010

More big firm news as recruitment and firm mergers continue to make headlines. From Roll On Friday:

“In another major trans-Atlanic merger, Denton Wilde Sapte and Sonnenschein Nath & Rosenthal have agreed to tie the knot, subject only to a formal partnership vote on the 9th June.

Dentons, in common with many mid-sized UK firms, has long been angling for a US merger in a bid to get enough clout to compete globally. And on the face of it the firm has pulled off a decent deal. Partners speak warmly of the cultural synergies and there’s no real duplication of offices – with the exception of two small outposts in Brussels and Zurich, Sonnenschein is based entirely in the US. And while both firms have been underperforming in recent years, their profits are in the same ballpark, with Sonnenschein ahead at around £540k per partner compared to Dentons’ £360k. However London will be by the far the biggest office in the merged firm – twice the size of New York – so it’s more than just a UK bolt-on to a US firm.”

Read the full article and see other firm news here.


From → Firm News

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