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Big Law’s Orrick and Buckley to Merge, Eyeing Banks, Tech Work

Jan. 19, 2023, 7:58 PM

San Francisco-founded Orrick, Herrington & Sutcliffe is merging with Washington-based Buckley, the firms announced on Thursday.

The combined firm will have upwards of 1,000 lawyers and total gross revenue of more than $1.46 billion, according to recently reported figures by The American Lawyer.

The pair are joining forces to respond to a growing demand from companies and financial institutions for “forward-looking” regulatory and enforcement advice, the firms said in a press release announcing the merger.

The combined firm will represent most of the leading consumer banks, as well as more than 700 fintech market participants, leading funds, 4,000 emerging companies and 10 of the Fortune 20 tech companies.

“Our finance and tech clients are innovating in an environment of increasing regulatory and enforcement uncertainty—it’s one of their primary business risks,” said Orrick Chair Mitch Zuklie in a statement.

“As these sectors converge, the combined firm will offer valuable regulatory and sector insight to these innovators and their investors who need to see around regulatory corners in pursuing their strategies,” he said.

The merger is expected to close by the end of January.

To contact the reporter on this story: Meghan Tribe in New York at mtribe@bloomberglaw.com

To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com; John Hughes at jhughes@bloombergindustry.com