Partners at the law firm have voted to disband the legal network, founded by Frederic Rene Coudert in New York in 1853.
“After exploring various options, the partners of Coudert have authorized the firm to enter into combinations of offices and practice groups with other firms to reflect the strengths of the firm,” Coudert management said in a statement to the media. “Such combinations will be done in an orderly process and announced over the next several weeks.”
It is likely that the other major international legal trail blazer, Baker & McKenzie, will pick up some of Coudert’s major offices worldwide. Couderts was unable to match the growth of major American and British law firms that expanded their networks, as its position diminished to the point of no return.