Pillsbury confirms merger talks with this law firm
“We consider all growth opportunities presented to us, including potential lateral groups and combinations,” said Pillsbury Winthrop Shaw Pittman in a statement. Photo from Shutterstock.
Pillsbury Winthrop Shaw Pittman confirmed Thursday that it is discussing a possible merger with Stroock & Stroock & Lavan after the latter law firm failed to reach a merger deal with Nixon Peabody.
“We consider all growth opportunities presented to us, including potential lateral groups and combinations,” Pillsbury said in a statement cited by Bloomberg Law, Law.com and Reuters. “We are currently evaluating opportunities with Stroock.”
Stroock also said in a statement it is talking to Pillsbury about “potential synergies.”
Law.com broke the news in a story that cited confidential sources.
The talks follow a Stroock vote in August that authorized a buyout of its pension plan. The buyout makes Stroock a more attractive merger partner following the end of merger talks with Nixon Peabody in early July.
Stroock has reportedly spoken with other firms, as well. Stroock and Pillsbury have signed a “nonexclusive letter of intent” for their merger talks.