Do now we have one other mega Biglaw agency on the horizon? In line with reporting from Bloomberg Legislation, Winston & Strawn and the UK agency Taylor Wessing are contemplating a merger.
In line with the companies, “Winston & Strawn and Taylor Wessing UK affirm that they’re in discussions concerning a possible mixture, which might construct upon the complementary strengths, shared ambitions, and mixed worldwide attain of the 2 companies going ahead.”
Sounds critical!
Now onto the financials, and also you’ll get a way of why it is a mega merger within the making. Final yr, Winston took in $1.27 billion in income, whereas Taylor Wessing made €619 million ($726 million) in income, a brand new excessive for the agency.
Earlier than we get too excited concerning the potential mixture, the companies are nonetheless within the enjoying coy stage, saying, “There’s nothing to formally announce at this stage, so we won’t be commenting additional presently.”
Nonetheless, we may have one very massive new agency within the new yr.
Kathryn Rubino is a Senior Editor at Above the Legislation, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the very best, so please join along with her. Be happy to electronic mail her with any suggestions, questions, or feedback and comply with her on Twitter @Kathryn1 or Mastodon @[email protected].
