Shearman Ends Merger Talks, Loses 20-Person Team to Rival (1)

March 3, 2023, 3:42 PM UTCUpdated: March 3, 2023, 7:00 PM UTC

Shearman & Sterling called off merger talks with Hogan Lovells as Shearman lost a 20-lawyer and advisor team for a new office Morgan, Lewis & Bockius is opening in Munich.

“After careful consideration, we have mutually agreed that a combination at this time is not in the best interest of either firm,” Shearman said in a statement. “We have been deeply impressed with each other’s business, practices and people and wish each other continued success.”

Florian Harder, the head of Shearman & Sterling’s German offices, will be managing partner of the new Munich office, Morgan Lewis’s second in the country. ...

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