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Patton Boggs Voting on Merger with Squire Sanders
Patton Boggs is a full-service law firm and lobbying firm headquartered in Washington, D.C. It has more than 450 lawyers and professionals in nine locations in the United States and the Middle East. The 2014 Vault.com survey of over 18,800 associates ranked Patton Boggs as having the best record for pro bono work in the country.
A former Patton Boggs lawyer has said that according to The Globe and Mail, details of the merger with the 1,300-lawyer Squire Sanders firm were being presented to Patton Boggs partners on Friday, and that they would vote on it by Wednesday. He and another source have also said that the new firm would be then called Squire Patton Boggs. The executive board of 1,300-lawyer Squire Sanders voted on Friday to approve the merger. However, according to Reuters, the firm’s partners must still approve the deal.
According to the Center for Responsive Politics, a nonprofit which compiles lobbying disclosure data, Patton Boggs has been ranked the No. 1 lobbying shop in terms of revenue for the past 12 years. According to the center, the firm has represented Amazon.com, Facebook, Inc. and Exxon Mobil Corp.
Another former Patton Boggs lawyer, as well as a person involved in the deal, said according to a report by Reuters that, a merger would almost certainly lead to layoffs at the firm. Patton Boggs underwent layoffs and partner exits in 2013 amid a 12% drop in revenue, and reportedly entered merger talks with Squire Sanders in 2014.
A law firm consultant, Kent Zimmermann, who has advised Patton Boggs on business strategy but is not involved in the merger, said that once partners of both firms are voting, “the deal is in the home stretch,” according to a report by Reuters.
It has been reported that Patton Boggs worked in the mid-1990s for the Guatemalan dictatorship, insisting that Sister Dianna Ortiz, who was tortured and raped by members of a death squad, was actually the “victim to an out-of-control, sadomasochistic lover.”
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Image credit: www.washingtonpost.comPatton Boggs Voting on Merger with Squire Sanders by Jaan
Tagged: Patton Boggs