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.

Historian MacMillan Lends Perspective to Global Politics
18:59 - Margaret MacMillan is one of the world’s best known historians. The highly-decorated Canadian is known for her best-selling historical works like "Paris 1919" and "History’s People." She sat down with Bloomberg’s Amanda Lang to give some perspective on the current tensions in the world and why she’s drawn some comparisons to the situation in Europe in 1914, just before the Great War. (Source: Bloomberg)
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