{"id":135825,"date":"2025-10-24T14:17:30","date_gmt":"2025-10-24T22:17:30","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/10\/24\/merger-momentum-builds-at-cadwalader-as-the-firms-woes-deepen\/"},"modified":"2025-10-24T14:17:30","modified_gmt":"2025-10-24T22:17:30","slug":"merger-momentum-builds-at-cadwalader-as-the-firms-woes-deepen","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/10\/24\/merger-momentum-builds-at-cadwalader-as-the-firms-woes-deepen\/","title":{"rendered":"Merger Momentum Builds At Cadwalader As The Firm\u2019s Woes Deepen"},"content":{"rendered":"

Cadwalader has taken hit after hit after hit in recent times, with sweeping lateral moves<\/a> affecting one of the firm\u2019s core practices. While in the past, the firm brushed off merger rumors<\/a> with denials, it now seems to be confirming that there\u2019s a lot of interest from other top firms. The prospect of a merger for the embattled firm now seems like it may be gaining momentum. <\/p>\n

According to the American Lawyer<\/a>, a combination may be on the horizon for Cadwalader, but the firm\u2019s reported merger partner is shrouded in mystery. Here are some additional details:<\/p>\n

\n

[S]ources have indicated in the last week that Cadwalader has been speaking with multiple firms lately and the pace of talks has picked up. One source familiar with the circumstances described the set of courters as a rolling group of three.<\/p>\n

Sources say possible merger partner firms are likely ranked in the Am Law 25 to Am Law 50 range \u2014 where firms\u2019 gross revenues exceed $1 billion \u2014 and are generally interested in Cadwalader\u2019s corporate practices and its large New York office. Cadwalader, ranked No. 85 in the Am Law 100, generated $638 million in gross revenue last year.<\/p>\n<\/blockquote>\n

Cadwalader issued a statement, noting that it had indeed been \u201capproached\u201d by other firms, with a spokesperson saying, \u201cWe have been approached by many top-tier firms for years, and that continues.\u201d <\/p>\n

What will happen next for Cadwalader? Industry insiders say that the firm should expect additional partner exits, while the firm\u2019s spokesperson says \u201c[t]he firm is in a very strong financial position and remains confident in our standalone strategy.\u201d So, will the firm stand alone and face a slow death by departure like Stroock<\/a>? Or will it embrace the prospect of a merger and lean on strength of a potential Biglaw suitor to stay the course? We\u2019ll be watching to see whether Cadwalader can turn its woes into a way forward.<\/p>\n

Cadwalader Merger Talks Pick Up Pace<\/a> [American Lawyer]<\/p>\n

Earlier<\/strong>:\u00a0Cadwalader\u2019s Mass Exodus Continues: Nearly 40 Lawyers Jump To Top 50 Biglaw Firm In Practice Group Raid<\/a><\/p>\n

Wall Street\u2019s Oldest Biglaw Firm Appoints Co-Managing Partner Amid Mass Exits And Merger Rumors<\/a><\/p>\n

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<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

The post Merger Momentum Builds At Cadwalader As The Firm\u2019s Woes Deepen<\/a> appeared first on Above the Law<\/a>.<\/p>\n

\"\"<\/figure>\n

Cadwalader has taken hit after hit after hit in recent times, with sweeping lateral moves<\/a> affecting one of the firm\u2019s core practices. While in the past, the firm brushed off merger rumors<\/a> with denials, it now seems to be confirming that there\u2019s a lot of interest from other top firms. The prospect of a merger for the embattled firm now seems like it may be gaining momentum. <\/p>\n

According to the American Lawyer<\/a>, a combination may be on the horizon for Cadwalader, but the firm\u2019s reported merger partner is shrouded in mystery. Here are some additional details:<\/p>\n

\n

[S]ources have indicated in the last week that Cadwalader has been speaking with multiple firms lately and the pace of talks has picked up. One source familiar with the circumstances described the set of courters as a rolling group of three.<\/p>\n

Sources say possible merger partner firms are likely ranked in the Am Law 25 to Am Law 50 range \u2014 where firms\u2019 gross revenues exceed $1 billion \u2014 and are generally interested in Cadwalader\u2019s corporate practices and its large New York office. Cadwalader, ranked No. 85 in the Am Law 100, generated $638 million in gross revenue last year.<\/p>\n<\/blockquote>\n

Cadwalader issued a statement, noting that it had indeed been \u201capproached\u201d by other firms, with a spokesperson saying, \u201cWe have been approached by many top-tier firms for years, and that continues.\u201d <\/p>\n

What will happen next for Cadwalader? Industry insiders say that the firm should expect additional partner exits, while the firm\u2019s spokesperson says \u201c[t]he firm is in a very strong financial position and remains confident in our standalone strategy.\u201d So, will the firm stand alone and face a slow death by departure like Stroock<\/a>? Or will it embrace the prospect of a merger and lean on strength of a potential Biglaw suitor to stay the course? We\u2019ll be watching to see whether Cadwalader can turn its woes into a way forward.<\/p>\n

Cadwalader Merger Talks Pick Up Pace<\/a> [American Lawyer]<\/p>\n

Earlier<\/strong>:\u00a0Cadwalader\u2019s Mass Exodus Continues: Nearly 40 Lawyers Jump To Top 50 Biglaw Firm In Practice Group Raid<\/a><\/p>\n

Wall Street\u2019s Oldest Biglaw Firm Appoints Co-Managing Partner Amid Mass Exits And Merger Rumors<\/a><\/p>\n

\n
\"\"
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Cadwalader has taken hit after hit after hit in recent times, with sweeping lateral moves affecting one of the firm\u2019s core practices. While in the past, the firm brushed off merger rumors with denials, it now seems to be confirming that there\u2019s a lot of interest from other top firms. The prospect of a merger […]<\/p>\n","protected":false},"author":3,"featured_media":135810,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-135825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/10\/Staci-Zaretsky-YGvk01.jpg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/135825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=135825"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/135825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/135810"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=135825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=135825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=135825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}