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Pinsent Masons review of US links considers ditching Thelen Reid JV

Author: james.illman@legalweek.com

Published: 31/05/2007 03:53

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Pinsent Masons is to shake up its US referral relationships in a move that could see it scrap its joint venture (JV) with US firm Thelen Reid Brown Raysman & Steinwer.

The firm is in the middle of a wide-ranging review of its links with around 30 US firms. Pinsents hopes to reduce that figure to boost links with a smaller number of firms.

As a result, Pinsents is also contemplating ending the JV with Thelen Reid because of running costs.

The JV, which focuses on construction work, was set up by legacy firm Masons in 2003 under the banner Masons Thelen Reid (MTR).

It was used by both firms to second their lawyers on a case-by-case basis. At its launch the JV could draw on 350 dedicated UK and US projects and construction lawyers to handle international deals.

Despite the proposal to ditch MTR, Pinsents said it had no plans to sever wider ties with Thelen Reid and would maintain referral links for infrastructure work going forward.

Pinsents senior partner Chris Mullen told Legal Week: “The review is giving us a good chance to look at all our relationships with US firms and to see which ones are still flourishing and which ones are in need of change. It has been three years since our merger with Masons and it seemed like a good time to take a look at the US side of our practice.”

He added: “We have a good relationship with Thelen Reid and dismantling the JV — should we proceed — will not change this. We will continue to work together on infrastructure work, an area the firm is well respected in.”

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