Despite the promise of a powerhouse combination, the expected merger of White & Case and Brown & Wood foundered in the 11th hour, primarily over questions of leadership and accounting. The two firms, which had been in talks for about five months, had already picked out a new name -- White & Case Brown & Wood. But late on March 12, the firms put out the official word that the plan was off, stating that "issues such as the significant differences in the capital structure of the two firms make the merger impra
March 22, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Despite the promise of a powerhouse combination, the expected merger of White & Case and Brown & Wood foundered in the 11th hour, primarily over questions of leadership and accounting.
The two firms, which had been in talks for about five months, had picked out a new name — White & Case Brown & Wood — and had even slogged through 95 percent of the work it takes to merge separate entities into a single 1,200-lawyer firm.
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