Akin Gump’s chairman, R. Bruce McLean, could not be reached for a comment.
Last month, after news of the discussions first became public, Huttler had said the firms’ practice groups might complement each other well. He cited Akin Gump’s litigation and corporate practices, and Shaw Pittman’s technology and real estate practices.
“What we discovered was that some groups matched up nicely and others didn’t match up nicely,” he said Friday. “The huge effort that would have been involved wasn’t justified on either side.”
Akin Gump is the 13th-largest firm in the country by revenue and Shaw Pittman is the 87th-largest, according to 2002 rankings by the publication American Lawyer. A merger would have vaulted the combined firm into the top 10.
Locally, Shaw Pittman and Akin Gump are the eighth- and ninth-largest firms, respectively, according to statistics compiled by Legal Times magazine.
Legal experts said they were not surprised the talks fell apart. “These mergers are very tough to put together,” said Peter Zeughauser, a legal consultant in Newport Beach, Calif.
Shaw Pittman has 328 lawyers in the Washington area and local revenue in 2002 of $163 million, a spokeswoman for the firm said. Its total revenue was $192.3 million, with 370 lawyers in offices in Washington, Tysons Corner, London, Los Angeles and New York.
Akin Gump’s Web site says the firm has about 290 lawyers in the Washington area, with about 1,000 lawyers total in 15 offices worldwide. Local revenue in 2002 was $163 million and total revenue was $575 million, Legal Times said.