Posted Nov 14, 2007 07:36 pm CST
A proposed transatlantic marriage of two well-known law firms based in New York City and London has been called off. Despite their seeming compatibility, Chadbourne & Parke and Watson Farley & Williams just couldn’t reach agreement on merger terms after nearly a year of negotiations, both sides confirm.
Known for its insurance coverage work on behalf of carriers, the Chadbourne firm also, like its London counterpart, has a significant project finance and energy practice, reports Legal Week. Yet, after merger talks continued for several months, it began to seem that they weren’t headed in a good direction, observers say. The confirmation of that fact came in a public announcement today.
Nonetheless, Chadbourne, at least, plans to keep trying for another match. “Expanding our presence in London remains a key strategic objective for the firm,” it says in a written statement.