Orrick Herrington & Sutcliffe and Pillsbury Winthrop Shaw Pittman have called off talks for a potential merger.

Orrick, the top bond counsel firm, and Pillsbury, a San-Francisco based law firm with a public finance team, said in a statement that prospective client conflicts prevented the deal from happening.  The decision was made before either partnership had an opportunity to vote, as the firms agreed that conflicts of interest between Orrick’s public finance clients and Pillsbury’s corporate clients could not be resolved.

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