NEW YORK (Reuters) - New York law firms LeBoeuf, Lamb, Greene & MacRae LLP and Dewey Ballantine are in advanced merger talks and may announce a deal on Monday, the Wall Street Journal reported.
The talks are “very far along,” people close to the matter told the newspaper.
The combined law firm -- which would have nearly 1,300 lawyers -- would give it one of the largest firms in New York and one of the largest London offices of any U.S. firm, the Wall Street Journal said in its weekend edition.
Last year, a deal that would have combined Dewey and San Francisco-based Orrick, Herrington & Sutcliffe LLP fell apart after the firms had agreed on the main terms of a merger.
That combination would have created one of the largest U.S. law firms, with about 1,500 lawyers in 21 offices worldwide and nearly $1 billion of annual revenue.
Reporting by Justin Grant