Is the Heller Ehrman saga about to reach a new chapter? For those unfamiliar with the Californian legal market, the substantial West Coast firm is widely tipped to be on the merger trail. This comes against a backdrop of several years dominated by senior departures (more than 30 partners over the last 18 months), strategic disagreements and lagging profits (see story).

Firms to have been connected with the San Francisco-based practice include Chicago’s Winston & Strawn and Proskauer Rose of New York. But recently the firm has been linked more often with Baker & McKenzie.