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Heller Ehrman Is NOT Merging With Baker & McKenzie

Heller Ehrman LLP Above the Law blog.JPGLast week, Legal Pad offered this update on the merger talks between Heller Ehrman and Baker & McKenzie (the subject of intense speculation, in these pages and elsewhere):

  • A few weeks ago, partners from both firms met for dinner in the city.
  • A deal still seems possible, although it probably would require Heller to make some big concessions. (Several people we trust have increasingly said they wouldn’t be surprised if Heller is forced to de-equitize a lot of partners, and reluctance to do so may be slowing the talks down.)
  • Perhaps these concerns were dealbreakers. A knowledgeable tipster tells us that the Heller / Baker merger is officially off. A voice-mail went out to all Heller shareholders about two hours ago.

    So what’s next for Heller? It seems that they’re still losing lawyers. Will they find a new partner to take to the altar, just as Dewey Ballantine rebounded with LeBoeuf Lamb, after being spurned by Orrick? Time will tell.

    Inquiring Minds Ask: What’s Up With Heller? [Legal Pad]
    Another Lawyer Leaves Heller [The BLT: The Blog of Legal Times]

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