The two firms are reportedly negotiating a potential tie-up that would create a firm with roughly 570 lawyers and around $478m in gross revenue. While both firms have declined to release statements on the merger talks, a source close to Herrick Feinstein told industry publication The American Lawyer that negotiations have been taking place for several months. With 440 lawyers and $363m in revenue last year, Washington-based Cromwell is the larger of the two firms. However, a tie-up with Herrick would considerably expand the firm’s New York footprint, and would likely boost Cromwell around 20 rungs up the Am Law 100 list (where it is currently ranked 88^th).

Sources: American Lawyer; The Real Deal