Chadbourne & Parke has begun intial merger discussions with London-based firm Watson, Farley & Williams. The combined firm would have over 600 lawyers and combined revenues of more than $350 milion. Chadbourne has been looking to merge to increase its size and become more competitive with larger firms. Managing partner, Charlie O’Neil, has been trying to increase Chadbourne’s profitability over the past couple years after a bad year in 2005. He has succeeded in increasing the firm’s revenues, but the firm has also lost several key partners along the way.
Source: www.nylawyer.com