The merger between Pillsbury Winthrop Shaw Pittman and Orrick, Herrington & Sutcliffe has been canned – it’s official a demerger. Client conflict was given as one of the principal reasons for the termination according to a Washington Post report.
The union of Pillsbury and Orrick would have created a behemoth firm with 1,700 lawyers and a combined revenue of about $1.4 billion. The potential merger was one of several being talked about in the legal industry over the last quarter, as major law firms increasingly turn to mergers as a growth strategy amid a flat demand market for legal services.
“Large law firm combinations are always complex, and both our firms are disappointed that we could not clear the way for a merger,” Orrick Chairman Mitch Zuklie said in the statement.
The decision was reached prior to putting the matter up to a vote before partners of both firms.