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Dewey Ballantine and LeBoeuf Lamb Greene & MacRae are set to rush through partnership voting on their planned merger just one working day before the combination is due to go live.
Both sides are positive about the merger, which should be effective from 1 October, with one senior-level partner claiming it was “already a done deal”.
He claimed that voting, which is slated to finish on Friday 28 September, was just a formality.
Dewey is adopting a very different timetable with regards to the LeBoeuf deal than it did on last year’s failed merger talks with Orrick Herrington & Sutcliffe.
Negotiations with Orrick lasted at least six months, but fell apart days before the final partnership vote.
The talks with LeBoeuf have been much speedier, with the idea of a merger between the two New York-headquartered firms having been tabled in July.
The strategy is to push through voting on the merger and to thrash out political issues, such as who will be London managing partner, once the vote has been won.
It is understood that it was these types of management issues that stalled the merger with Orrick.
Dewey London managing partner Fred Gander said: “Both firms in this transaction see the world from a far more similar place than was the case with Orrick. That’s streamlined a lot of issues and enabled us to go at a record pace.”