Following months of speculation and rumors, merger talks between Heller Ehrman and Baker & McKenzie are off.

In a voice mail sent to partners on Monday morning, Heller Chairman Matthew Larrabee cited conflicts as a key reason for the end of the talks. While industry observers say conflicts were probably a major concern, other considerations may have been involved, they said, noting that differences between the two firms would have required major adjustments on both sides. He also said there was an alternative plan in the works and promised to be more communicative.