Mergers: A Swiss Twist

, The American Lawyer

What makes a merger? It was a question asked often last year, thanks to a trio of transatlantic tie-ups in which law firms joined forces but kept their finances separate via a Swiss structure called the verein. Hogan Lovells, SNR Denton, and Squire Sanders & Dempsey, which kept that name after combining with Hammonds, joined global giants Baker & McKenzie and DLA Piper in operating under vereins , as did U.K. firm Norton Rose, which used the verein in teaming with firms in Australia, Canada, and South Africa.

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