Squire Sanders Merges with Patton BoggsMay 30, 2014
23 May 2014 at 8:08 PM
BIGLAW, LAW FIRM MERGERS, PARTNER ISSUES, PATTON BOGGS
Say Hello To Squire Patton Boggs
By DAVID LAT
Usually Friday afternoon news dumps before holiday weekends are reserved for embarrassing news — a disgraced government official resigning to “spend more time with his family,” for example. But this latest news is happy rather than embarrassing (for the most part).
After a brief suspension of the voting, the partnership of Squire Sanders voted today to approve the proposed merger with troubled Patton Boggs. Not surprisingly, the Patton Boggs partnership had approved the merger days ago, on Monday. When a lifeboat pulls up, you don’t play hard to get.
So what’s the embarrassing part of this deal?
We’ve complained about it before: that awful firm name, “Squire Patton Boggs.” Let’s hope that after a few years go by, the firm reverts to “Squire Sanders” or goes with “Squire LLP,” in keeping with the trend towards shorter and shorter monikers. (Yes, Patton Boggs has big name recognition in lobbying, but lobbying is arguably… icky.)
A few more facts about the new entity:
Headcount: almost 1,600 lawyers (query whether cuts will follow post-merger).
Geographical coverage: 45 offices in 25 countries.
Combined gross revenue: $1.05 billion.
Effective date: June 1 (very fast — shotgun wedding?).
Congratulations to the firms on their union. Now comes the hard part: integration.
Not every law firm merger has a happy ending. Boy Dewey know it….
Source: Above The Law