Pillsbury and Chadbourne appear close to merger
Pillsbury Winthrop Shaw Pittman is giving rise to speculation that the firm is close to a merger with New York firm Chadbourne & Parke. The two firms both have a strong energy practice. A potential merger would expand the reach of both firms in their sector of strength.
There aren't currently any details to describe what form the merger might take. However, combining the firms' makeups would give rise to a firm that had 930 lawyers and revenues exceeding $800m annually. Last week, the web domain "pillburychadbourne.com" was registered.
The CEO of Pillsbury for nine years, Jim Rishwain has previously attempted to find merger opportunities, entering talks with at least six firms in that time, to no avail. Rishwain has focused on growing the firm's London presence.
Meanwhile, Chadbourne recently expanding into South Africa, opening an office in Johannesburg. However, the firm also exited Asia, closing its Beijing office.