This merger was big news in Canada this week. Another Tier 2 firm merging with a global giant. Which begs the question, which large Canadian law firm will be merging next? Momentum is building for global matchups, since Tier 2 firms are now able to compete with Tier 1 “Seven Sisters” firms such as McCarthy’s, Blakes, etc. with a simple flick of the “Verein switch”. Which of the “Seven Sisters” will finally succumb to the lure of a global merger in response?
Stay tuned for more merger action in the next couple of years, as competition heats up for Canada’s lucrative resources and financial industry legal work.