Norton Rose and Chadbourne to Combine in Latest Merger of Large Law Firms
The New York Times is reporting that two large law firms said on Tuesday that they would combine to form a global firm amid continuing consolidation in the legal industry.
The combination of Norton Rose Fulbright and Chadbourne & Parke will create a single entity with more than 4,000 lawyers and expected annual revenue almost $2 billion. The combined firm will be known as Norton Rose Fulbright, reports Elizabeth Olson.
“Rumors had swirled recently that Chadbourne was looking for a combination, especially after some partners left the firm, including corporate and project finance partner Margarita Oliva Sainz de Aja, who joined Baker McKenzie last month, and bankruptcy partner Douglas Deutsch, who joined Clifford Chance last summer,” Olson writes.