So, further evidence that eventually there will only be one giant law firm (probably called Clifford Overy) in about 10 years time comes with news that Herbert Smith have voted in favour of merging with Australian law firm Freehills.
The deal will create the world’s eighth-biggest group by number of lawyers, but who cares? Soon they will be consumed by a larger fish and so it goes on.
Herbies are currently one of the “silver circle” of firms that claim to be as big, good, and down right awesome as the “magic circle” of firms, like Slaughter & May etc.
Herbert Smith managing partner David Willis, who will be joint chief executive of the new venture with his Freehills counterpart Gavin Bell, said: “We share with Freehills a strong belief that over the next few years that the market for premium legal services will become increasingly dominated by a small number of truly global firms.
“This merger will therefore put us in a strong position to provide clients with the single global offering they increasingly demand.”
Yup, good. But the most important question is, of course, what will this new behemouth be called?
Personally, I like Herbert Hills (left) or Freeberts but I'm open to hearing your suggestions.