#law-firm-merger

#law-firm-merger

Cadwalader, Wall Street's oldest firm, has had a rough go of things this year. In the wake of the firm's deal with Donald Trump, the firm started losing lawyers left and right, with key partner groups lateraling out at a rapid pace. Rumors of the firm's interest in a merger began to spread, and just one month ago, we reported that Cadwalader was in merger talks with Atlanta-based Alston & Bird. Cancel those plans, because the distressed firm today announced its partnership with Hogan Lovells.

As reported by the American Lawyer, Ashurst - which has been searching for a U.S. partner for quite some time - and Perkins Coie - which has been at war ever since the Trump administration lobbed an unconstitutional Executive Order its way - today announced a tie-up. A merger between Ashurst and Perkins creates a transatlantic firm with upwards of $2.58 billion gross revenue, with 3,000 lawyers (including 700 partners, with PEP clocking in at about $1.82 million) spread globally across 47 offices.