Biglaw

Dentons Merging with Dacheng to Become Largest Firm in the World
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

dentons merges with dacheng

Summary: Dentons is merging with China’s Dacheng to become the largest law firm in the world.

Dentons, a law firm spawn from mergers, and bent on merging further, will become the largest firm in the world, pending the approval of the Chinese government. Dentons hopes to merge with China’s Dacheng, a firm of 4,000 lawyers, who, combined with Dentons, internationally will hold 6,500 lawyers in 50 countries, rendering them the world’s largest firm, by head count.

  
What
Where


SNR Denton was created in a cross-Atlantic merger in 2010, and Dentons was created by the three way merger of Canada’s Fraser Milner Casgrain LLP; Salans, a European firm centered in Paris; and SNR Denton. Dentons is a bankruptcy and mergers-and-acquisitions firm, fittingly enough, and they took in $1.3 billion in 2013, representing such companies as Coca-Cola Co., and Total SA.

Dacheng, the Chinese giant, meanwhile, represented China Railway Construction Corp, and China Development bank.

Western markets in China have notoriously been difficult. The Chinese government bars Western lawyers from appearing in court, and those hoping to work in China have found they had to hire “local” Chinese counsel to answer government restrictions.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




This would be less of a problem, since of course Dacheng has 4,000 lawyers stationed in China already.

The companies would meanwhile merge into a verein structure in which both companies share a name but remain financially independent. The firm will be known as Dentons outside of China, as Dacheng within China.



Dacheng’s president, Peng Xuefeng, said “Now is the time for Chinese enterprises to go outbound, to invest in the rest of the world.” It seems the global chair of Dentons, Joseph Andrews, feels something reciprocal about China, noting the explosive growth of the Chinese economy lately, something he wants his firm to play a part in.

Meanwhile, a spokesman for Dentons assured his clients that they had a “comprehensive” cybersecurity approach, and that Chinese competitors and the Chinese government would not have access to private information about their clients, but “only lawyers and professionals who need to know the client’s business, will be able to access client information necessary to collaborate in serving the client.”

The Chinese government may approve of the venture as early as next week.

Is this merger frenzy going too far?

View Results

Loading ... Loading ...

News Source: Bloomberg



 

RELEVANT JOBS

Associate Attorney

USA-PA-Exton

ASSOCIATE ATTORNEY McKenna Snyder LLC, a law firm in Exton, PA has an immediate opening for an ex...

Apply now

Attorney

USA-MI-Sturgis

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Attorney

USA-MI-Coldwater

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Deputy General Counsel / Senior Deputy General Counsel

USA-CA-Sacramento

Cal Cities Culture and Mission Cal Cities is dedicated to creating a collaborative and inclusive ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

SEARCH IN ARCHIVE

To Top