The Challenges of Canadian Law Firm Mergers

Dec. 21 (Bloomberg Law) -- A recent spate of cross-border mergers involving Canadian law firms present challenges for those involved, as well as opportunities, according to law firm consultant Jordan Furlong. With only about 10 Fortune 500 companies based in Canada, the country's BigLaw market is driven by trade, and firms are scrambling for a global footprint, says Furlong, a consultant at Edge International and Stem Legal Web Enterprises. The risk is that many Canadian BigLaw firms get lots of business from U.S. firms, and merging with any one of them -- as Norton Rose has done with the United States' Fulbright & Jaworski -- may make work from other U.S. firms dry up. There are rumors of more cross-border mergers in the offing, he says, but if any of the country's very top firms take the plunge "then all bets are off. It will turn the market upside down," he says.
Harvard Graduates Say They Got More Sleep Than Sex
10:42 - Of the 1,600 or so graduates in Harvard University’s class of 2015, almost 20 percent said they cheated at some point, mostly “on a problem set or homework assignment.” Thirteen percent said they had been taken to Harvard’s University Health Services or a hospital for something alcohol-related. And 24 percent said they had no sex at Harvard. Bloomberg's Pimm Fox reports on “Bloomberg Markets.” (Source: Bloomberg)
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