Bingham McCutchen reportedly looking for merger partner
US law firm Bingham McCutchen is looking for a US merger partner, and has reportedly reached out to four firms to consider a deal in the past three months: Winston & Strawn, Morgan Lewis & Bockius, O’Melveny & Myers and Morrison & Foerster. comments powered by Disqus
The move follows a rough few months for the firm, with falling profits, partner defections, and staff layoffs. Bingham conducted a management shake up in the past few weeks, and
A Reuters report on the developments quoted New York law firm consultant Bruce MacEwen as saying that the risk of approaching numerous firms for a merger was that it created a “fire sale” effect, where competitors could swoop in under the pretense of merger talks but instead poach the firm’s most important partners. But the number of recent departures from the partnership suggest that the process may already be underway.