Just because it’s after Christmas it doesn’t mean that law firms are done with their holiday shopping.
Locke Liddell is acquiring Morgan & Finengan. Don’t think it’s final yet.
Tipsters from both firms have heard the news, but obviously nothing has been finalized. Firm spokespeople could not be reached for immediate comment over the holidays.
Both firms appear to have been prudent during the economic crisis. We reported that Morgan & Finnegan lost a number of partners over the summer, while Locke Lord no-offered more than half of their summer associates. But we haven’t received any reports of wide scale associate layoffs at either firm.
That could change if this merger goes through. A tipster reports:
Rumor has it that Lock Liddell will be laying off a number of Morgan & Finnegan lawyers as part of the merger.
Is this a gift that Locke Lord will cherish? Or is it one that Morgan & Finnegan will want to take back to the store? We’ll keep you posted.