New York-founded law firm Stroock & Stroock & Lavan and Boston-founded Nixon Peabody have called off negotiations toward a proposed merger, a Stroock spokesperson said in a statement on Friday.
"While we have great mutual respect for what we each offer the marketplace, together we decided that further talks are not in the best interests of either firm," the spokesperson said.
The spokesperson said discussions with Nixon Peabody "were never exclusive" and that Stroock has "continued talks with other firms," which are "making good progress." A Nixon Peabody spokesperson said in a statement the firm has "discussions regularly with other law firms on matters relating to the profession and areas of mutual interest."in recent months in multiple cities and practice groups, including after the merger talks with Nixon Peabody were first reported in May.
Stroock leadership rejected a deal offer from Nixon Peabody last month, a source familiar with the matter previously told Reuters. Stroock has reportedly discussed potential mergers with several other firms since at least last year, when the firm saw a group of 43 restructuring lawyers
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