Dentons has agreed on the terms of a merger with Gadens in Australia and Rodyk & Davidson in Singapore in order to boost its global reach.
The move will see Gadens’ 500 lawyers and Rodyk & Davidson’s 200 lawyers join the international law firm that will bring its lawyer headcount to 7700 worldwide, with 130 offices in over 50 countries.
The merger will broaden Dentons’ offerings in banking and finance, property and construction, and in the energy and resources sectors.
The estimated revenue of the firm will be near $3 billion if the partners vote to agree with the deals to form a Swiss verein structured tie-up.
The Swiss verein is a popular entry strategy for international firms into domestic markets. It is a form of voluntary association where members do not share commercial or professional liability for the debts or actions of other member firms and often do not share revenues or pool profits.
The idea of large global brands operating under local rules inspired the adoption of the verein structure, which allows firms to overcome jurisdictional obstacles to international mergers.
Joe Andrew, Dentons’ global chairman, said that the merger gives the firm a greater presence in the Pacific Rim where he sees increasing importance for international commerce.
"By any objective standard, Dentons has accomplished more for our clients in one year than any other firm in recent history, and the year is not over yet,” he says.
Dentons was formed after the 2013 global merger between SNR Denton, Salans, and Fraser Milner Casgrain. At the start of this year it sealed a deal with China’s Dacheng Law Offices that combined to form a new 6500 lawyer outfit. In April this year, Dentons in the US combined with with Atlanta-based McKenna Long & Aldridge.