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  • A stellar team of law firms has been assembled to represent Exxon and Mobil on their $79 billion merger, the largest in history. The merged company will be known as Exxon Mobil and, with a market value of $250 billion, will be the world’s biggest quoted energy company, ahead of Royal Dutch/Shell Group. The different firms are needed to cover regulatory and antitrust aspects, as well as corporate issues, for the US and the companies’ principal foreign subsidiaries.
  • Growing opportunities abroad for young Canadian lawyers have forced domestic firms to reassess their strategy. Stephen Mulrenan reports
  • UK law firm Stephenson Harwood is to join forces in Brussels with Italian firm De Berti Jacchia Perno & Associati and Paris firm Barbé Carpentier Thibault Groener. The firm’s association with France’s largest law firm, Fidal, part of the KPMG legal network, is over. In its new association Stephenson Harwood plans to look at joint business
  • Guernsey law firm, Ferbrache & Co (soon to be renamed Ferbrache Morgan) plans to poach partners from City firms in a bid to compete with other firms on the island. The planned growth has resulted from Ferbrache & Co receiving more work as a result of its alliance with The Bank of East Asia.
  • The City firm Kennedys has formed an association with Dublin firm O’Connor Walshe as part of a strategy to provide legal advice throughout Ireland.
  • New York law firm Kelley Drye & Warren has made lateral hires to set up an International Trade and Investment Group and expand its Financial Institutions Group.
  • US law firm Morgan, Lewis & Bockius has promoted Zoë Ashcroft to partner. Ashcroft is the tenth partner at the firm’s London office, and its first female partner. Her practice focuses on corporate and banking finance, with particular emphasis on transatlantic mergers and acquisitions transaction.
  • Transparency requirements
  • "We are in conversations with Brown & Wood, looking towards a merger," says James Hurlock, chair of the management committee of New York firm White & Case. Talks began in late October, and the firms hope to have an agreement, if the discussions progress satisfactorily, by the end of February. A merger would create the world's fifth largest law firm.
  • Thomas Bischof, general counsel of the finance department at Swisscom, Berne, talks to Stephen Mulrenan