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Pros and Cons of DC Firms' Merger
Washington, DC firms Akin Gump Strauss Hauer & Feld and Shaw Pittman have been looking for a possible merger. However, although Shaw Pittman managing partner Stephen Huttler says talks were arranged to gain more insight into each other's firms, heads of both firms – which are two of DC's largest – stress that they are nowhere near reaching a decision to merge. On the flip side, a source has reported that although a merger has not been arranged, these were not just initial discussions.
The source feels that should the firms decided to merge, it is likely that success will be achieved. A merger between these firms would constitute one of the United States' largest. It would also be an exceptional move for DC's legal market: Revenue-wise, Shaw Pittman and Akin Gump are respectively the eighth- and ninth-ranked firms in the district. Unless layoffs occur, a merger would make them the largest local firm and one of the nation's 10 largest.
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