Pillsbury confirms merger talks with this law firm
“We consider all growth opportunities presented to us, including potential lateral groups and combinations,” said Pillsbury Winthrop Shaw Pittman in a statement. Photo from Shutterstock.
Pillsbury Winthrop Shaw Pittman confirmed Thursday that it is discussing a possible merger with Stroock & Stroock & Lavan after the latter law firm failed to reach a merger deal with Nixon Peabody.
“We consider all growth opportunities presented to us, including potential lateral groups and combinations,” Pillsbury said in a statement cited by Bloomberg Law, Law.com and Reuters. “We are currently evaluating opportunities with Stroock.”
Stroock also said in a statement it is talking to Pillsbury about “potential synergies.”
Law.com broke the news in a story that cited confidential sources.
The talks follow a Stroock vote in August that authorized a buyout of its pension plan. The buyout makes Stroock a more attractive merger partner following the end of merger talks with Nixon Peabody in early July.
Stroock lost 43 restructuring lawyers to Paul Hastings in May 2022 and lost 27 lawyers to Steptoe & Johnson in late July.
Stroock has reportedly spoken with other firms, as well. Stroock and Pillsbury have signed a “nonexclusive letter of intent” for their merger talks.
