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.
Referendum Is a Point of Uncertainty for Markets: Jha
39:27 - Standard Chartered Senior Global Economist Madhur Jha and Bloomberg’s Svenja O’Donnell discuss U.K. Prime Minister David Cameron’s European tour to lobby other leaders ahead of the referendum. They speak to Bloomberg’s Caroline Hyde and Manus Cranny on “Countdown.” (Source: Bloomberg)
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