Watson Farley & Williams has turned its back on pursuing further mergers in the wake of the collapse of its prolonged discussions with Chadbourne & Parke – leaving the US firm to hunt for growth opportunities alone.

The two firms set out their future plans this week in the wake of merger talks that came to an end after nearly 12 months of debate, as reported on 14 November by legalweek.com. Had the merger been successful it would have created a transatlantic firm with a turnover of nearly £200m.