This is just getting sad for Pillsbury. When Chadbourne rolled up a couple months ago as the latest ersatz Mr. Darcy, we already compared Pillsbury to an “Old Maid,” and today’s news isn’t helping.
Way back in early 2012, Pillsbury entered talks with Fulbright & Jaworski. And that went nowhere.
Winston & Strawn didn’t even try to buy the cow and got the milk for free with a massive lateral raid on Pillsbury.
And here we are again… with Pillsbury eagerly seeking a merger partner and every potential mate running for the hills. I’ve said before that I suspect there’s some merger workability issues with Pillsbury’s under leveraged staffing and that there may be insurmountable gaps in partner capital contributions. Whatever the reason, it seems to be a systemic problem in its merger efforts, so we can all look forward to the next flurry of merger talk and inevitable let down in, say, six or seven months.
Until then, here’s a GIF of the Pillsbury Doughboy getting constantly teased by the finger of a potential merger partner.
Another Big Law Merger Bites the Dust [Big Law Business / Bloomberg BNA]
Earlier: Foley & Lardner To Leave Eversheds Standing At The Altar
Pillsbury And Chadbourne Talk Merger: Will Someone Finally Marry This Old Maid?
Law Firm Merger Mania: Fulbright and Pillsbury Are Talking
Proposed Merger To Create New Top 10 U.S. Law Firm In The Making
Orrick And Pillsbury Call The Whole Thing Off
Winston & Strawn Pillages Pillsbury In Massive Lateral Raid