Proposed Squire Sanders, Hammonds Merger Inching Forward

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More details are emerging in the proposed transatlantic merger of Squire Sanders & Dempsey and U.K.-based Hammonds.

According to a report in Legal Week, Squire Sanders Chairman Jim Maiwurm would become the new firm’s global chairman, while Hammonds Managing Partner Peter Crossley would likely take the role of European chair.

The firms would also “retain separate profit pools,” according to the report, which is similar to the business model adopted when Lovells merged with Hogan & Hartson and Denton Wilde Sapte combined with Sonnenschein Nath & Rosenthal earlier this year.

  

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Additionally, Squire Sanders London office would be relocated to the Hammonds facility.

The merger could go live as soon as Jan. 1, as the firms partners are expected to vote in the coming months.  Hammonds would need 75 percent approval from its partners while Squire Sanders would require a two-thirds majority, Legal Week reports.