Edwards Gibson commentary on Ashurst Perkins Coie merger featured on Bloomberg Law

Edwards Gibson is pleased to share that Director Scott Gibson has been quoted in Bloomberg’s article, “Ashurst Ends Decades-Long Quest to Find Its Way Into America”, which examines Ashurst’s pending merger with Perkins Coie — a deal big enough to place it among the 20 biggest law firms in the world.

The article highlights how Ashurst, once a leading member of London’s Silver Circle, has faced mounting competition from US rivals over the last 15 years, prompting a decades-long search for a transatlantic partner. Commenting on the strategic rationale behind the merger, Scott Gibson notes:

“Ashurst has been seeking a US partner for the past 20 years, and Perkins Coie is an excellent brand. It is generally easier for law firms to achieve higher margins in the US because clients tolerate higher charge-out rates.”

The merger, set to close in the third quarter of next year, will create Ashurst Perkins Coie — a global powerhouse with projected revenues of $2.7 billion.

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