The
number of impending and possible mergers of major law firms announced
during the past few months has, to say the least, been unusually
high. Most astonishing of these is the proposed merger
between New York’s Dewey
Ballantine and San Francisco’s Orrick,
Herrington & Sutcliffe. The two have been long-time members
of The
Am Law 100. Most recently, Orrick was ranked 35th by gross
revenue, and Dewey ranked 58th. By size, Orrick ranked 26th in
the most recent NLJ
250 report (November 2006), with 924 lawyers, and Dewey ranked
70th, with 544 lawyers. The merger would result in the “mega
firm” of Dewey Orrick LLP, with approximately $1billion
in annual revenues. If you’ve missed our blog bulletins
about recent mergers, read on.
This edition
of the newsletter also examines how pro bono was reported this
year. We also explore how to find information about law firm office
locations in the ALM
Research Online database, and give you the “Inside Info”
about ALM’s Director of Reprints and Permissions, Syndia
Torres.
If you’ve
missed our blog bulletins about recent mergers, you may have read
some of the reports in ALM publications
– for instance, the impending merger of Hartford-based Day,
Berry & Howard and New Jersey-based Pitney Hardin. The
merger is expected to be completed by January 1, 2007, and the
combined firm will be known as Day Pitney and have roughly 400
lawyers in nine offices in New York, New Jersey, Connecticut,
Boston and Washington, D.C. In September, we reported [ link to
blog item ] that the already-much-merged 400-lawyer Pittsburgh-based
Kirkpatrick
& Lockhart Nicholson Graham had entered into a merger
bid with 400-lawyer Seattle firm Preston
Gates & Ellis. Their tie-up would create a 1,400-lawyer
firm with 21 offices, according to the reports.
The exploration
of a merger partner and assessing the impact of a merger on your
own firm or on the market generally, are just a couple of reasons
why law firm business professionals turn to ALM
Research Online. Law firm metrics and other valuable information
can be found and tracked by using the ALM Research database search
and analytical tools, our law firm business reports, and individual
lists and rankings. (Law Firm business reports and individual
lists and rankings are included in our subscription packages and
are available for purchase by non-subscribers.)