Thelen Reid Brown Raysman & Steiner and U.K. law firm Pinsent Masons have split their global construction law joint venture. Masons Thelen Reid, formed in 2003, was designed to help the firms take on a larger work load and attract new clients, and in that respect it was a profitable venture for both parties. The firms decided to split when they realized that they could achieve the same results without the administrative costs separately, and have agreed to maintain a “best friends” relationship.
Source: www.law.com