MOST of London’s “magic-circle” regulation corporations are intrepid creatures. Over the previous 20 years they’ve busily expanded overseas, opening places of work all over the place from Antwerp to Yangon. However regardless of having a whole lot of legal professionals on the bottom in America, one prize has proved elusive: laying down deep roots on the planet’s most litigious market.
Allen & Overy, a top-tier London agency, would really like that to alter. It has reportedly been in merger talks with an American agency, O’Melveny & Myers. With O’Melveny denying any plans to merge, a union, which might create one of many world’s largest regulation corporations by income, could not get off the bottom. However that’s unlikely to cease Allen & Overy from approaching others in its pursuit of an American alliance.
For the large British corporations, America holds the important thing to higher profitability. Its attract partially displays its significance on the world stage. Judgments made in America’s courts, reminiscent of these in anti-bribery instances, have ramifications past its…Proceed studying