What does the $15 million settlement Patton Boggs reached with Chevron Corp. last week mean for the teetering law firm? Foremost, it wipes away a problem — rooted in the firm’s fight against Chevron over environmental damage claims in Ecuador — that had poisoned merger discussions with Locke Lord, leaving the shrinking firm relatively clear from liability as it prepares for a union with the global firm Squire Sanders. Patton Boggs has been working on the merger since December. As recently as two months ago, the firm refused to entertain other suitors because of an exclusivity agreement, according to a lawyer familiar with a short-lived conversation Dentons had with Patton Boggs.

Patton Boggs partners may vote on the proposed merger later this month, according to another person privy to the discussions with Squire Sanders.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]