The result of months of merger talks between Morgan Lewis & Bockius and Bingham McCutchen led to an unexpected outcome last week.
After Bingham partners voted in favour of a merger that hinged on individual assurance to Morgan Lewis, the latter’s partners decided to steal away the cream of the crop and pick 227 of Bingham’s partners to join the firm.
This means that 80 other Bingham partners are yet to discover their fate, although it is likely that they will look to other US firms for their next move.
This isn’t the first time that Morgan Lewis has benefited from a potential merger by making a mass lateral hire; some may remember the firm taking on 150 partners in 2003 from defunct Brobeck Phleger & Harrison after merger talks fell through and caused Brobeck to collapse.
With a $20m lawsuit from former Brobeck employees souring the waters months after the raid, Morgan Lewis partners will undoubtedly hope for a happier Bingham ending.
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