"As reported by the American Lawyer, Ashurst - which has been searching for a U.S. partner for quite some time - and Perkins Coie - which has been at war ever since the Trump administration lobbed an unconstitutional Executive Order its way - today announced a tie-up. A merger between Ashurst and Perkins creates a transatlantic firm with upwards of $2.58 billion gross revenue, with 3,000 lawyers (including 700 partners, with PEP clocking in at about $1.82 million) spread globally across 47 offices."
"There were some major clues that the firms were headed down this path. Last week, for example, a partner from Perkins filed a trademark application for Ashurst Perkins Coie. On top of that, Am Law further noted that the domain name ashurstperkins.com was registered on November 14. Did media pressure force the firms to make this merger announcement early? We may never know."
Ashurst and Perkins Coie announced a merger creating a transatlantic firm with roughly $2.58 billion in gross revenue, about 3,000 lawyers including 700 partners, and 47 global offices. Partner profits per equity partner (PEP) are approximately $1.82 million. Ashurst had been searching for a U.S. partner, and Perkins Coie faced pressures following a dispute over an executive order from the Trump administration. Indicators of the impending combination included a Perkins partner filing a trademark for 'Ashurst Perkins Coie' and registration of the ashurstperkins.com domain on November 14. The merger positions the combined firm as a significant global contender.
Read at Above the Law
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