US law firms Orrick, Herrington & Sutcliffe and Buckley are planning to merge in a deal they expect to close by the end of the month, the firms said on Thursday.
The combination will create a 1,150 lawyer firm, adding about 100 lawyers from Washington, DC-founded Buckley to San Francisco-founded Orrick’s ranks.
The firms said the deal creates a “financial services and fintech law powerhouse” and addresses demand by companies and financial institutions for regulatory and enforcement advice.
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“Our finance and tech clients are innovating in an environment of increasing regulatory and enforcement uncertainty – it’s one of their primary business risks,” Orrick chair Mitch Zuklie said in a statement.
“As these sectors converge, the combined firm will offer valuable regulatory and sector insight to these innovators and their investors who need to see around regulatory corners in pursuing their strategies,” Zuklie said.