Three months after we reported on merger talks between Reed Smith and Thompson & Knight, the two firms have called off a possible combination. In a statement released late Thursday, the management of both firms said they decided against pursuing a potential merger, “prior to submitting the matter to either partnership for a vote.”
Reed Smith and Thompson & Knight acknowledged in the statement that they had engaged in merger talks and conducted due diligence on a combination in the latter part of 2010–as we reported earlier Thursday, the end of last year was a busy time for law firm mergers.
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