Pillsbury Winthrop Shaw Pittman LLP and Orrick Herrington & Sutcliffe LLP, two law firms based in San Francisco, have decided not to pursue a merger, the firms said in a joint statement.
"We mutually determined that we will not be able to proceed due to prospective client conflicts that we have not been able to resolve, notwithstanding each firm's best efforts," according to the statement, which didn't provide details on the conflicts.
The firms jointly announced their talks last month about a possible combination. A decision not to merge was reached before the signing of a letter of intent or a partnership vote, according to the firms' statement.
Orrick, a 977-lawyer firm, had $866 million in gross revenue last year, making it the 27th wealthiest firm in the country, according to the American Lawyer, a trade publication.
Pillsbury, with 609 lawyers and $561 million in gross revenue last year, was ranked 56th, according to American Lawyer.
