Marking what will be the latest transatlantic merger in recent months, the partners at Squire, Sanders & Dempsey and U.K.-based Hammonds have voted to approve a combination of the two firms, The Am Law Daily reports. The union will take effect on Jan. 1, 2011.
The combined firm will have roughly 1,275 lawyers across 37 offices in 17 countries. It would have a combined gross revenue of $625 million, based on the financial data from both firms for 2009.
Squire Sanders chairman James Maiwurm will become global chair and CEO of the combined firm. Hammonds managing partner Peter Crossley will become the firm's managing partner for Europe. There will be two additional managing partners for the Americas and Asia-Pacific regions. A 13-member global board comprising partners from both firms and elected by the general partnership will govern the new firm.
Read the full Am Law Daily story here.