December 7, 2004
Piper Rudnick/DLA Round 2
More on the Piper Rudnick/DLA deal again courtesy of The Financial Times. Nigel Knowles, managing partner of DLA, tosses out the unnecessary comment that "Piper Rudnick's reasons [for the deal] may be slightly more defensive, while ours may be slightly more opportunistic," premised on, well premised on, OK I got it, premised on the assumption that Piper Rudnick needs to be in Europe and Asia but DLA doesn't really need to be in the US. If this is an early exercise in neck-biting, it augurs poorly.
The plain fact remains, as even Mr. Knowles acknowledges, that if you want to do the highest-value work, you need a "solution" that includes the US. I stick by my guns that this merger bodes well to be one of the fairest in the land, but would somebody get Knowles re-write?
Update: Law.com's coverage is here.
Update update: You thought I was snarky about Knowles? Check out The Lawyer: "DLA Goes Galactic."
Posted by Bruce at December 7, 2004 11:22 AM | TrackBackPosted to Cultural Considerations | Finance | Globalization | Leadership | M&A | Strategy Printer-friendly version
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