September 2, 2010 3:12 PM
Squire Sanders and Hammonds Shore Up Merger Terms
Posted by Brian Baxter
Eight days after we reported on a brewing transatlantic combination between Squire, Sanders & Dempsey and the British firm Hammonds, details of the merger are beginning to emerge, courtesy of Legal Week.
Legal Week reports that Squire Sanders chairman James Maiwurm, who took over at his firm last October, could become the new global chairman of a combined firm if the deal goes forward. Hammonds managing partner Peter Crossley would likely take a European practice chair position.
Like the recent U.S.-U.K. firm mergers that created Hogan Lovells and SNR Denton, Hammonds and Squire Sanders are expected to maintain two separate profit pools, Legal Weeks reports. Also under discussion is the firm's new name, which Legal Week says could become Squire Sanders Hammonds.
Squire Sanders’s London office would likely move into space held by Hammonds in the city, while the British firm will end its association in Russia with Zhigachov & Christophoroff and its informal referral relationship in the U.S. with Holland & Knight, according to Legal Week. Completion of any merger requires approval of 75 percent of the partnership at Hammonds and two-thirds of the partnership at Squire Sanders in a closed vote.Make a comment