To paraphrase Austin Powers, Heller Ehrman is getting to “town bicycle” status. The latest firm to take a ride through Heller’s financials: Mayer, Brown, Rowe & Maw.
According to Am Law Daily, citing sources close to both Heller and Mayer Brown, Heller is “aggressively” pursuing other merger options, with Mayer Brown looking like the most promising match. They add:
The current talks between Mayer Brown and Heller, which began days after Heller’s talks with Baker & McKenzie ended, actually represent a second effort to combine the firms.
Before anybody starts requesting new business cards, it must be noted that Heller merger rumors tend to be as bankable as that Nigerian guy who needs your account number. In the past few months, Heller has been linked to Winston & Strawn, Proskauer Rose, and Baker & McKenzie. Given that a Heller/Mayer Brown merger has fallen through before, this latest rumor could be more about smoke screen than actual fire.
Just last week, Heller announced that it was postponing start dates until after Martin Luther King Day. We’ll keep you updated on Heller’s continuing efforts to be saved.
Heller Ehrman, Mayer Brown In Merger Talks [Am Law Daily]