Norton Rose Fulbright and Chadbourne & Parke formalised their long-planned merger on 30 June, signing the paperwork to close the deal.
But there is still work to be done, and some unresolved questions linger. The firm will now look to fill additional leadership positions in the upcoming weeks, try to close an Australian merger and aim to bolster business with legacy Chadbourne practices.
Meanwhile, the plaintiffs attorney litigating a $100m sex discrimination and pay inequity lawsuit against Chadbourne said he intends to formally add Norton Rose Fulbright as a defendant.
Global chief executive Peter Martyr (pictured above) brushed off reports that the merger had been frustrated by unanticipated delays, adding the most optimistic date was the beginning of the second quarter but he had estimated it would close around this time.
Since the partners voted on the deal in the spring, Martyr said the firms had to go through many nitty gritty details, such as converting billing systems and integrating human resources departments.
Client conflicts did not delay the merger, he said. The firms ran an extensive conflict check early on and it was very good, he said. Martyr also said he wasn't aware of any firm representations that had to discontinue due to the merger.
It is true that some Chadbourne lawyers in non-US offices didn't want to join the UK LLP, he said. Obviously we made it open to everybody, he said, but he maintained it was expected that some lawyers who are used to practicing in smaller offices, where they do their own thing, would leave the combined firm.
We have to be realistic about that, he said. It comes down to personal preferences.
Next expansion?
In Australia, he said the firm is working through the nuts and bolts of its planned merger with Henry Davis York. He said he expected the deal to close in 2017, but declined to specify when.
In the US, the west coast would be the most obvious place for expansion, he said. However Martyr said the firm does not have any merger or rapid expansion in the works, in the US or globally.
There's nothing up our sleeve at the moment, he said.
Norton Rose doesn't have any particular size goals. We're not seeking to become 6,000, 8,000 or 10,000, he said, adding there's also no size constraint. We would grow to whatever size we felt appropriate for our business, he said.
The theme is always the same, he said, adding, any mergers are connecting with our current business, deepening our bench strength.
This is a very ideal combination because we've been looking to get a bigger east coast balance to the business and add more finance capabilities, he said. For Chadbourne and its clients, they get a massive global network to plug into, so it's win-win, he said.