Verein Tie-Ups Gain Allure As Firms Eye Global Expansion

Law360, New York (August 3, 2014, 10:26 PM EDT) -- Combining multiple law firms into a Swiss verein structure has become the preferred way for big law firms to become global giants, and industry experts say more firms will go the verein route because it offers a faster, less complex way to grow internationally.

First adopted by Baker & McKenzie LLP in 2004, a Swiss verein is a highly flexible limited liability structure that allows firms based in different countries to combine under a single brand while keeping their financial systems segregated. The success that Baker...
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