By Megan R. Wilson - 05/23/14 06:30 PM EDT
The large international law firm Squire Sanders announced Friday that it had agreed to merge with K Street king Patton Boggs.
The firm will be called Squire Patton Boggs and contain about 1,600 lawyers in 45 offices worldwide, becoming one of the largest firms in Washington with 280 lawyers in the D.C. office. The merger is expected to take effect by June 1.
“Patton Boggs is the premier public policy firm in the world, and this combination establishes us as the ‘go-to’ firm for public policy work,” Maiwurm said in a statement.
The two firms began discussions to merge earlier this year after a failed attempt by Patton to combine with another large law firm, Locke Lord, in 2013.
The deal faced a few setback, in particular Patton Boggs’ litigation with Chevron. But a settlement with the oil giant earlier this month cleared the path for the merger to happen, according to legal experts.
“The combined firm will bring together Squire Sanders’ top ranked global legal platform and Patton Boggs’ preeminent public policy, white collar and other practices to provide clients with unparalleled geographic reach, breadth and depth of practice capabilities and unmatched knowledge in matters where law, government and business intersect,” Squire Sanders said in a release on Friday.
Though Patton Boggs faced a tough year, with a major restructuring, defecting partners and a loss in revenue, the merger is expected to buoy the firm back to prominence. Patton does have several bright spots for Squire to take advantage, including its lobbying arm and a thriving practice in the Middle East.
It remains to be seen how the merger will be structured and how many top partners will stay at each firm.
“The platform and collective expertise created through this combination provide considerable opportunities to access new markets, engage clients in new ways and attract and retain top talent. I couldn’t be more excited for the future of our firm,” said Ed Newberry, the managing partner of Patton Boggs, in a release.