Comment: The cost of culture – HSF finds mega-mergers always come at a price Legal Business5 November 2014Legal mergersCommentMagic Circle This month’s cover feature on Herbert Smith Freehills (HSF) looks in hindsight like the end of an informal trilogy on storied London firms agreeing high-stakes mergers, following earlier pieces on Hogan Lovells and Ashurst.Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this categoryThirty firms win roles in revamped £820m government legal panel – with three new appointments‘It was never a marriage made in heaven’- what Norton Rose Fulbright’s exit means for South AfricaRevolving Doors: Latham hires real estate partner as HSF Kramer loses partners in London and Middle EastRevealed: A&O Shearman partner exits pass 100 mark since merger announcementKramer Levin’s Paris office joins Morgan Lewis amid HSF merger dealBDB Pitmans rebrands as Broadfield as discussions over US tie-up continueThe customer is always right – which firms do clients rate most highly?Footing the bill – as chargeout rates spiral, will clients put their foot down?High achievers – private equity is changing; meet the elite GCs at the vanguard of the transformation