Dentons, McKenna Long Confirm Merger Talks
An anonymous McKenna Long partner told sibling publication the Daily Report that the firm's merger talks with Dentons began four to five months ago and became serious within the past month and a half. A supermajority of two-thirds of the partners in both firms must approve the deal, which the McKenna Long partner believes will be approved.
Dentons, which had been known as SNR Denton following the 2010 merger between Sonnenschein Nath & Rosenthal and British firm Denton Wilde Sapte, saw its profits per partner climb 12.1 percent in 2012 to $785,000, while gross revenue remained largely flat at $710.5 million. (The financial numbers gleaned for this year's Am Law 100 rankings are for SNR Denton only, as the firm's three-way merger with Salans and FMC did not go live until after our reporting deadline.)
Dentons announced this month the opening of an office in Houston, as well as a second office in Kazakhstan in the Central Asian country's new capital of Astana. The firm, whose roots are in Chicago and London, is structured as a Swiss verein—an increasingly popular structure for clinching mega-mergers between international firms.
Additional reporting by Meredith Hobbs in Atlanta and Scott Graham in San Francisco.