Two major law firms, Patton Boggs and Squire Sanders, are expected to merge on June 1.
The new firm, to be called Squire Patton Boggs, will be 23rd largest law firm in the United States. It will have 280 attorneys in Washington, D.C., and close to 800 nationwide. There will be many foreign offices, as well.
“This combination establishes us as the ‘go-to’ firm for public policy work,” James Maiwurm, the chairman and CEO of Squire Sanders, said in a statement.
Last week, Squire Sanders temporarily delayed taking a vote on the merger because of Patton Boggs’ dispute with Chevron.
Patton Boggs has been heavily involved in lobbying work. Last year, Patton Boggs saw close to $40 million in lobbying revenue, according to Politico. There has been less demand for lobbying services, however, in recent years.
The new firm will include practice areas in corporate law, complex litigation, investigations, white collar defense, intellectual property, public policy, regulatory work, capital markets, labor and employment, restructuring and insolvency, real estate, sovereign representation, tax, and public and infrastructure finance.
“When Patton Boggs was founded over 50 years ago we set out to create an innovative firm that brings legal expertise and lobbying know-how to government and business leaders around the world. That firm evolved into an industry game-changer,” Thomas Hale Boggs, Jr., chairman of Patton Boggs, said in a statement.
“Through our combination with Squire Sanders we are doing it again, by bringing together our rich experience with one of the world’s most expansive practice and geographic footprints,” Boggs added.
There are reports that some Patton Boggs partners may choose to leave the firm after the deal is complete, according toThe Wall Street Journal. In addition, Patton Boggs recently let go of 40 attorneys and 70 staff members, according to The Washington Post.Last July, InsideCounsel reported that Patton Boggs saw 19 partners leave the firm in a month.
Yet, many are expected to remain and Mark Ruehlmann will become chairman of the new firm in 2015.
Ed Newberry, managing partner of Patton Boggs, added, “The platform and collective expertise created through this combination provide considerable opportunities to access new markets, engage clients in new ways and attract and retain top talent. I couldn’t be more excited for the future of our firm.”
“The combined firm will offer leading industry experience in sectors including banking and financial services, energy, utilities, insurance, life sciences, healthcare, transportation, technology and telecommunications,” according to a statement released by the two law firms.
“Our goal has long been to create a platform that allows our lawyers to serve their clients no matter where in the world their business needs take them. We have made great strides in this regard, and the completion this merger marks another significant milestone that will position us to become even more competitive in an increasingly global marketplace where clients require specialized expertise,” Ruehlmann said.