The streets are buzzing with word that San Francisco’s Folger Levin & Kahn is in advanced merger talks with Crowell & Moring, a Washington, D.C.-based firm with more than 450 lawyers.
We have yet to get confirmation from the firms that they are talking, but knowledgeable sources outside the firms have been hearing about it. Crowell & Moring partners we reached said our questions would best be answered by the press department or the firm’s chairman, Kent Gardiner, who hasn’t gotten back to us. A Crowell D.C. spokeswoman neither confirmed nor denied talks. Folger lawyers, including the name partners and managing partner, have been mum.
One lawyer familiar with Folger, who believed it was a done deal, said word had first leaked out about a month ago. Now, that lawyer said, there appears to be turmoil inside Folger. Lawyers there are split between those who see the possibilities of joining a bigger firm with offices as far as Brussels and London and those who feel their best opportunities lie in striking out on their own.
Another lawyer on the outside said the mood seems to have shifted inside the firm. “I think people are sad.” Some are looking for other opportunities, the lawyer said.
If the deal does go through, observers say it would signal a change of heart on the part of Folger Levin, which has remained independent as suitors looked for S.F. merger partners.
We go over the practice area overlaps, after the jump ...
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