In a strategic move following their merger last year, Orrick, Herrington & Sutcliffe and Buckley law firms are set to combine their Washington, D.C. offices in the first quarter of 2024. The joint entity, which now boasts approximately 1,000 lawyers and a gross revenue of nearly $1.5 billion, will make its new home in the Foggy Bottom neighborhood, specifically at 2100 Pennsylvania Ave, reported Bloomberg.
A representative for the firms has confirmed that they are actively seeking a sublease tenant to occupy Buckley’s nearby office space on M Street, which is part of the consolidation plan. Additionally, the lease for Orrick’s downtown office on 15th Street is set to expire, further necessitating this move.
Read more: Law Firms Orrick And Buckley To Merge
Orrick, originally founded in San Francisco, and Washington-based Buckley completed their merger in February, which has enabled them to join the ranks of the world’s largest law firms in terms of gross revenue.
This decision comes amidst a trend in the legal industry, where law firms are increasingly looking for ways to optimize their operations and reduce costs. Orrick had previously announced layoffs and delayed start dates for new associates earlier this year as part of their cost-cutting measures. Similarly, in October, partners at Allen & Overy and Shearman & Sterling voted to combine, forming the formidable A&O Shearman entity, further emphasizing the ongoing evolution and consolidation within the legal sector.
Source: News Bloomberg Law
Featured News
Big Tech Braces for Potential Changes Under a Second Trump Presidency
Nov 6, 2024 by
CPI
Trump’s Potential Shift in US Antitrust Policy Raises Questions for Big Tech and Mergers
Nov 6, 2024 by
CPI
EU Set to Fine Apple in First Major Enforcement of Digital Markets Act
Nov 5, 2024 by
CPI
Six Indicted in Federal Bid-Rigging Schemes Involving Government IT Contracts
Nov 5, 2024 by
CPI
Ireland Secures First €3 Billion Apple Tax Payment, Boosting Exchequer Funds
Nov 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI