The dollar is dead anyway, so why would a law firm look to expand it’s American operation? Orrick Herrington & Sutcliffe is reaching out to Europe by merging with the German firm of Hölters & Elsing.
Evidently, Hölters & Elsing was looking at a number of American partners, but Orrick offered the best deal. According to Orrick CEO Ralph Baxter:
We are strategically expanding our global platform with the addition of one of the last major, independent law firms in continental Europe’s leading economy.
With this move nearly one-third of Orrick’s attorneys will be located outside of the U.S.
Orrick with retain its traditional name in the U.S., but in Germany the firm will be known as Orrick Hölters & Elsing.
Orrick and Hölters & Elsing Agree to Merger [Orrick]
Earlier: Prior ATL coverage of law firm mergers.