Law Firms Eye Mergers In Race To Go Global

Dec. 3 (Bloomberg Law) -- Kent Zimmermann, consultant at the Zeughauser Group, talks with Bloomberg Law's Lee Pacchia about the market forces behind a recent wave of law firm mergers. Zimmermann says mega-deals such as Norton Rose's merger with Fulbright & Jaworski and SNR Denton's combination with Salans and Fraser Milner is more about building global footprints rather than maximizing short term profitability. Zimmermann notes that the urbanization of the world's economy has spurred the majority firms in the AMLAW 100 to aspire to become preeminent global enterprises. Increasingly, he says, law firm leaders are looking to use mergers as a quick way to globalize.

UBS Sees a 2017 Earnings Boost to Equities
32:35 - Simon Smiles, chief investment officer for ultra-high net worth at UBS Wealth Management, discusses his overweight stance on U.S. equities as he sees improvements to the U.S. economy driving earnings growth in 2017. Simon also discusses his clients approach to markets and his outlook for inflation. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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