"It remains unclear how far the discussions have advanced, but if a merger is completed, the combined firm would have more than 1,200 lawyers and hit nearly $1 billion in revenues, based on the most recent Am Law 100.
"’There is much that needs to be discussed so it is still premature to speculate on a potential outcome at this time,’ said Morton Pierce, chairman of Dewey Ballantine’s management and executive committees. ‘I will say that I am intrigued by the possibilities to create one of the largest and most dynamic firms in the marketplace.’
"’We think very highly of Dewey Ballantine,’ said Ralph Baxter Jr., Orrick’s chairman and CEO. ‘Like Orrick, it is an historic firm with many strengths. Talking with each other makes great sense. And that is what we are doing at this stage.’"