Sources in the legal market have been chattering this year about tie-up discussions between two large U.S. law firms: Washington-based Arnold & Porter and Kaye Scholer of New York.
Is a deal about to finally get done?
On Wednesday, we received a tip that a combination between the two firms is expected to be announced as early as tomorrow, according to a source close to the talks.
Two other sources said that discussions have been heating up in recent weeks. One person who was briefed on the talks yesterday said “it’s probably going to happen.”
Richard Alexander, chair of Arnold & Porter, and Michael Solow, chair of Kaye Scholer, did not respond to requests for comment.
In 2015, Kaye Scholer had 370 lawyers and $370 million in revenue, while Arnold & Porter had 666 lawyers and $650 million in revenue, according to the most recent figures in The American Lawyer. Big Law Business first reported the talks in May.
We’ll sit tight and see how things shape up. The course of law firm merger talks can be unpredictable: Leaks of talks can scuttle a deal entirely and time lines frequently move.
Write to us with tips at BigLawBusiness@bna.com .
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