Boston law firm Nixon Peabody LLP is in merger talks with Philadelphia's Blank Rome LLP, two sources told Reuters on Friday.
The report, citing a third source, said that the two US law firms have been in discussions about a possible deal for at least two months. Nixon Peabody and Blank Rome's merger would create the 33rd largest law firm in the US, according to 2012 financial figures reported to the legal trade magazine American Lawyer.
Nixon Peabody has over 600 lawyers in the US, Europe and Asia. It specializes in advising corporations and financial institutions on regulatory matters, litigation and corporate ttransactions. This year, Nixon Peabody represented investment firm StoneCastle Financial Corp., media company Gannett Co. Inc. and beverage company Constellation Brands Inc., the report said.
Meanwhile, Blank Rome has nearly 500 lawyers in the US and Shanghai, China. The firm specializes in corporate litigation, labor and employment, government relations, real estate and bankruptcy. In July, Blank Rome represented data company IHS Inc. in a $1.4 billion acquisition of automotive business R.L. Polk & Co., Reuters said.
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