The merger between Dewey Ballantine and Orrick, Herrington & Sutcliffe will take longer than expected. From the WSJ:
The proposed merger between law firms Dewey Ballantine LLP and Orrick, Herrington & Sutcliffe LLP has encountered a delay. Meanwhile, Dewey Ballantine has lost some leading partners.
The full partnerships of both firms were due to vote this month on the merger, the main terms of which were approved by both firms’ executive committees in October. But the partnership votes have been put off until mid-January, at the earliest, as the two sides work through lingering management and other issues.
So it may take a while for these partners to reach The Big O.
And that may be just as well. When it comes to these kinds of things, the ride can be as important as the destination.
Proposed Law-Firm Merger Encounters Headwinds [Wall Street Journal via WSJ Law Blog]
Earlier: Best Law Firm Nickname EVER
Dewey Ballantine: “We’ll Have What She’s Having”