Partners at pioneering international law firm Coudert Brothers have voted to let the firm break up after failing to reach a merger agreement with another firm.
"After exploring various options, the partners of Coudert have authorized the Firm to enter into combinations of offices and practice groups with other firms to reflect the strengths of the Firm," New York-based Coudert said in a statement issued Thursday. "Such combinations will be done in an orderly process and announced over the next several weeks."
Sources familiar with the situation said the announcement indicated that recent merger discussions with Chicago's Baker & McKenzie had failed to produce an agreement, though it remained possible that individual offices or groups of partners would join Baker & McKenzie.
Details here from the New York Law Journal via Law.com.