Promote Your Attorney Profile on Law.net - Get Found / Earn More!
China Could be Next Move for Bracewell & Giuliani
China Could be Next Move for Bracewell & Giuliani
Optimism Building in Law Firms
Optimism Building in Law Firms
IRS Sued by Microsoft for Details about Contract with Law Firm
IRS Sued by Microsoft for Details about Contract with Law Firm
Morgan Lewis and Bingham Finalize Their Merger
Morgan Lewis and Bingham Finalize Their Merger
Your profile matches an open legal position. Apply now!
Legal Job Listings

Bingham McCutchen Talking Merger with Multiple Firms

Bingham-McCutchen-478x270

According to sources who have spoken to Reuters, Bingham McCutchen is looking for a large partner to merge with in the United States. The firm has reportedly reached out to four possible partners over the last couple of months.

Bingham has spoken with Chicago’s Winston & Strawn and Philadelphia’s Morgan Lewis & Bockius about possible mergers.

A couple of months ago, Bingham spoke with O’Melveny & Myers and Morrison & Foerster. Both of these firms rejected the offers from Bingham.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




“There is a shrinking legal market and the impetus to join forces to put yourself in a better position to compete is pretty strong,” said Carter Phillips, the chairman of Sidley Austin. Austin has hired away many of Bingham’s lawyers over the past couple of years.

Reuters was told in February by a spokeswoman for the firm that its revenue dropped by 12 percent. At the time, it stood at $762 million compared to $872 million in 2012. Pay cuts were issued last year and the firm has laid off an unknown number of staff and lawyers.

An exclusivity agreement is close to being signed between Bingham and Morgan Lewis. This means that the two firms cannot discuss mergers with other firms while their discussions are occurring.

Applying for an attorney job in top law firms is now a few clicks away, visit this page for live listings across the US.

Bingham McCutchen Talking Merger with Multiple Firms by

Tagged: , , , , , , ,

Posted by on July 17, 2014. Filed under Law Firm News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Public Finance Associate
USA-NY-Rochester

Harter Secrest & Emery LLP seeks an attorney with 2+ years public finance experience (either as a bond lawyer or as a Section 103 tax lawyer). Enthusiasm for client service and initiative are essentia...

Related Posts: