SNR Denton Reviews UK Operations Because of Likely Drop in Partner Profits
The recently merged law firm SNR Denton is experiencing some growing pains.
The law firm is reviewing its operations in the United Kingdom because of a likely drop in partner profits there, Legal Week reports.
Profits per equity partner in the United Kingdom are expected to decline by more than a third, and possibly by as much as 44 percent, the story says. As a result, U.K. chief executive Matthew Jones will spend the next three months reviewing U.K. operations to determine whether some less profitable practices should be dropped.
The firm has also restructured its partnership and has asked “a small number” of partners to leave, according to the story.
Revenues were down at the six-month mark for the firm in October, just after Denton Wilde Sapte merged with U.S. firm Sonnenschein Nath & Rosenthal. Meanwhile, three London partners are leaving, including former deputy chairman Rory McAlpine, who is headed to Skadden Arps Slate Meagher & Flom.
