Orrick Herrington & Sutcliffe last week (30 November) finalised its merger agreement with French independent Ram-baud Martel in a deal that will see 18 Rambaud partners join the US firm in January.
The merger comes after raids on Rambaud by Proskauer Rose and Reed Smith earlier this year. Proskauer picked up six partners, while Reed Smith formally announced it was to launch in Paris with four partners earlier this month (The Lawyer, 14 November).
Rambaud brings to Orrick expertise and a solid client base in M&A, designed to complement the firm’s existing French finance practice. The move will more than double the size of Orrick’s Parisian presence, creating a 35-partner office with a turnover of around €40m (£27.3m).
Name partner Jean-Pierre Martel is among the 18 joining Orrick. Earlier this year he told The Lawyer that succession issues were to blame for Rambaud’s breakup, adding: “I’m very happy to have this opportunity to give a future to the firm.”
Mathieu Rambaud, the son of fellow founding partner Jean-François Rambaud, is one of the four partners to join Reed Smith.