The breakdown of merger talks between two law firms often proves to be an unsettling moment for both parties. Sometimes it can prove a lot worse than that. When talks between Mayer Brown and Simmons & Simmons foundered last week (29 June), Mayer Brown was keen to get the message across that it, rather than Simmons, had called negotiations to a halt. Partners at Simmons, however, appear relaxed about the affair. "We don't feel like the injured party here," observes one Simmons partner, "but we have no interest in getting into a spin debate in the media." Another partner adds: "Obviously it's not nice to have your firm's name on the front page of every legal newspaper unless it's to do with a new big client win. But internally I don't think people are too upset since the talks were so preliminary and no-one aside from the management had really had a chance to get excited about it."
July 07, 2010 at 04:03 AM
1 minute read
The original version of this story was published on Legalweek
Amid the spin of abandoned talks, Simmons looks set to revisit its options for a US merger
The breakdown of merger talks between two law firms often proves to be an unsettling moment for both parties. Sometimes it can prove a lot worse than that. When talks between Mayer Brown and Simmons & Simmons foundered last week (29 June), Mayer Brown was keen to get the message across that it, rather than Simmons, had called negotiations to a halt.
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