It has been six days since Akin Gump Strauss Hauer & Feld and Orrick, Herrington & Sutcliffe took the brave step to publicly acknowledge they were in “preliminary” merger talks. Those talks are over, according to a joint statement from the firms. Here’s a full statement:
“Orrick and Akin Gump have mutually agreed to conclude preliminary discussions regarding the possibility of a merger. The firms appreciated the opportunity to have the discussions, which confirmed their mutual respect for one another. However, the firms have determined not to proceed.”
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