
Hogan Lovells and Shearman & Sterling have called off merger talks that would have created a huge firm with more than 3,000 lawyers globally and revenue in the region of $3.6bn.
The firms had been in talks for several weeks about a potential all-share merger, but the talks broke down over the weekend after the two sides failed to agree on key terms.
The collapse of the merger talks is a blow to both firms, which had been hoping to create a global legal powerhouse to compete with the likes of Dentons, Kirkland & Ellis and White & Case.
Related: Hogan Lovells Antitrust Partner Jumps To Jones Day
It was in Germany that news of the merger talks with Hogan Lovells first surfaced, courtesy of a report in German legal news specialist Juve in December.
“Our firms have been in preliminary and exploratory conversations regarding a possible combination,” the two parties confirmed in their statement. “After careful consideration, we have mutually agreed that a combination at this time is not in the best interest of either firm. We have been deeply impressed with each other’s business, practices and people and wish each other continued success.”
Featured News
UK Business Secretary Calls for More Agile Competition Regulator
Feb 13, 2025 by
CPI
Germany’s Antitrust Regulator Raises Concerns Over Apple’s App Tracking Policies
Feb 13, 2025 by
CPI
$60 Billion Nissan-Honda Merger Falls Apart
Feb 13, 2025 by
CPI
DOJ Moves to End Protections for Three Regulatory Agencies
Feb 13, 2025 by
CPI
Meta to Allow Rivals to List Ads on Facebook Marketplace Following EU Fine
Feb 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon