Do we have another mega Biglaw firm on the horizon? According to reporting from Bloomberg Law, Winston & Strawn and the UK firm Taylor Wessing are considering a merger.
According to the firms, “Winston & Strawn and Taylor Wessing UK confirm that they are in discussions regarding a potential combination, which would build upon the complementary strengths, shared ambitions, and combined international reach of the two firms going forward.”
Sounds serious!
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Now onto the financials, and you’ll get a sense of why this is a mega merger in the making. Last year, Winston took in $1.27 billion in revenue, while Taylor Wessing made €619 million ($726 million) in revenue, a new high for the firm.
Before we get too excited about the potential combination, the firms are still in the playing coy stage, saying, “There is nothing to formally announce at this stage, so we will not be commenting further at this time.”
Still, we could have one very large new firm in the new year.
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @[email protected].