Partners with US-based Squire, Sanders & Dempsey L.L.P. and UK-based Hammonds LLP have approved a combination agreement that creates a new top-tier global legal practice to provide clients worldwide with comprehensive legal counsel. The combination takes effect Jan. 1, 2011.
With approximately 1,300 lawyers in 37 offices and 17 countries, Squire Sanders will be among the top 25 global legal practices, based on number of lawyers, the two firms said in a joint press release. Squire Sanders chair James J. Maiwurm will be global chief executive officer and chair. Hammonds managing partner Peter Crossley will be managing partner for Europe.
“The pace of the business world is accelerating. Clients expect their law firms to embrace change and seize opportunity even in a challenging business climate," Maiwurm said. "We hear our clients and know they consider cost-effective global counsel the norm, not the exception. The combined firm is designed for the times and positioned for the future. We will continue to seek bold solutions for clients wherever their business takes them, and we will do this in a collaborative fashion that makes the combined firm both an inviting place to work and a great choice for clients."
The expanded practice strengths include corporate/corporate finance, litigation and arbitration, insolvency and restructuring, real estate, regulatory, labor and employment, environmental, intellectual property, pensions and tax. Industry expertise will expand in segments such as energy and utilities, chemicals, media, sports and entertainment, financial services and banking, maritime and information technology.
As a result of the combination, clients will have additional support in more markets where they do business, the companies said. The London office, supported by UK regional offices, will have added depth in all practices essential to cross-border transactions and disputes.
The combined firm’s resources will span Asia with capability in Tokyo and additional strength in China that includes Shanghai and expanded offices in Beijing and Hong Kong. In addition, the combined firm provides coast-to-coast support in the United States. (BBJ)