Arnold & Porter to Merge With Rival Kaye Scholer for 1,000-Lawyer Firm
Two prominent law firms, Arnold & Porter and Kaye Scholer, winding up months of talks, announced on Thursday that they would combine to become a firm with more than 1,000 lawyers effective Jan. 1, The New York Times is reporting.
Reporter writes that the new firm will be called Arnold & Porter Kaye Scholer.
“The combination was not a surprise. Each firm brings complementary expertise — Arnold & Porter is a litigation and regulatory issues powerhouse in Washington, and Kaye Scholer, based in New York, which is almost half the size of Arnold & Porter, is best known for its financial services and life sciences work. At each firm, however, the revenue and profit per partner has been buffeted in the changing legal landscape,” Olson reports.
Read the article on The New York Times.
