After Losing Partners And Profitability, Top 100 Biglaw Firm Is Reportedly Seeking Merger Partner
The firm refused to comment on ‘market rumors’ but said that it remains ‘focused on pursuing growth opportunities.’
Ed. note: Welcome to our daily feature, Quote of the Day.
They put a lot of resources into the U.K. piece and as a result, you saw a lack of resources in the U.S. People said, ‘You know what? I can go elsewhere and be supported with resources and be more profitable.’
— A former Bryan Cave Leighton Paisner partner, in comments given to the American Lawyer, on the “dwindling support” the firm has offered to U.S. partners. Six years after Bryan Cave merged with Berwin Leighton Paisner, the combined firm is reportedly considering further mergers after slow with and a loss of nearly 50 lateral partners. “I think the firm needs a merger or some other transaction,” another source told Am Law. “It’s not apparent to me it will be able to continue on its present course in the long run.”
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on X/Twitter and Threads or connect with her on LinkedIn.
