Law firms Salans, SNR Denton and Fraser Milner Casgrain (FMC) have agreed to merge their companies to create a new global law firm, which will be known as Dentons.
Law firms Salans, SNR Denton and Fraser Milner Casgrain (FMC) have agreed to merge their companies to create a new global law firm, which will be known as Dentons.
Dentons will have 2,500 professionals in 79 locations and 52 countries across North America, Western and Emerging Europe, Asia, the Middle East and Africa.
The combined firm will become the seventh-largest law firm in the world when it is launched during the first quarter of 2013. Dentons will also have the world's largest fully integrated global real estate platform, the three firms said.
Eric Rosedale and Evan Lazar, leaders of Salans' real estate practice: 'The combination will bring us into an entirely new league in terms of our size, practice strength and geographic coverage.
'It's particularly interesting for us because it expands our traditional European and emerging market reach into dynamic markets in Asia, the Middle East and Africa while at the same time filling gaps we had in our UK and North American developed markets coverage.'
Lazar and Rosedale said the new platform would capitalise on the latest global real estate capital flow trends and special real estate situations. 'These range from Canadian pension fund equity flows into Europe, increasing distressed debt opportunities in Western Europe, investor appetite for high growth "frontier" real estate markets in Southeast Asia and Africa, a resurgent real estate market in the US and alternative energy related real estate investments.'
