Orrick Law, a legal firm that generated $1,316,335,000 gross revenue in 2021, has officially announced that they would be merging with Am Law 200 firm Buckley, which generated $148,496,000 gross revenue in 2021.
According to the American Lawyer, Orrick’s and Buckley’s combined $1.47 billion in revenue would have ranked it No. 28 on last year’s Am Law 100, and the new merge will see around 100 lawyers, including around 35 partners, join Orrick, which will bring their roster of attorneys to around 1,150.
The two companies will create a Biglaw powerhouse that will provide representation among financial services firms and fintech innovators.
The merger is expected to close by the end of January.
According to an official statement:
“Our finance and tech clients are innovating in an environment of increasing regulatory and enforcement uncertainty – it’s one of their primary business risks. As these sectors converge, the combined firm will offer valuable regulatory and sector insight to these innovators and their investors who need to see around regulatory corners in pursuing their strategies,” said Orrick Chair Mitch Zuklie. “This kind of forward-looking advice is key to Orrick’s strategy – and we are extraordinarily fortunate to add the Buckley talent and strengthen our culture with the collaborative, innovative, entrepreneurial DNA of the Buckley team.”
“It’s a watershed moment as the consumer finance and technology markets converge. This transformation creates a host of novel and precedent-setting regulatory, transactional and litigation risks and opportunities for our clients – and by joining forces with Orrick, we will be able to partner closely with our clients on top-quality, holistic solutions,” said Buckley Co-Managing Partner Clint Rockwell.
“Buckley was founded on a vision of thinking differently about both our clients’ business opportunities and challenges, as well as the practice of law – and in Orrick, we have an extraordinary partner in taking that vision forward,” Buckley Co-Managing Partner Chris Witeck said.