A top-secret merger proposal between Clifford Chance and Mallesons Stephen Jaques, which was unknown to many
A Clifford Chance lawyer says no to Mallesons merger proposal
A new merger proposal, coming after the failed bid in 1999, was shelved as a result of the market downturn.
The talks did not extend as far as the partnership as a whole and were confined only to partners involved in management. A Mallesons Firm Spy remarked that:
‘several older members of the partnership must surely fear that if the merger went ahead, the sleaker international outfit might not have involved them’
Meanwhile, one Clifford Chance insider told Legal Week the discussions had been aborted because the Magic Circle firm wants to concentrate on its existing business in the current market conditions.
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