BigLaw firm will add about 100 lawyers and bolster fintech regulatory expertise through merger
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Orrick Herrington & Sutcliffe is gaining about 100 lawyers through a merger with Buckley, a deal that will create a “financial services and fintech law powerhouse,” the law firms said Thursday.
The combined law firm will have about 1,150 lawyers, report Law.com, Reuters and Bloomberg Law.
The deal is expected to close by the end of January.
The combined gross revenue for the two firms is $1.47 billion, which would have put the merged firm in the No. 28 spot on rhe American Lawyer’s list of the top-grossing firms last year, according to Law.com.
Mitch Zuklie, chair at Orrick, said in a Jan. 19 press release the firm’s finance and tech clients “are innovating in an environment of increasing regulatory and enforcement uncertainty.”
As the sectors converge, the combined firm “will offer valuable regulatory and sector insight to these innovators and their investors who need to see around regulatory corners,” he said.
Following the merger, the firm will represent most of the leading consumer banks, more than 700 fintech market participants, leading funds, more than 4,000 emerging companies and 10 of the Fortune 20 tech companies, according to the press release.