DLA Piper calls off talks with collapsed Heenan Blaikie partners
DLA Piper has ended discussions to take on a group of lawyers from Heenan Blaikie, the Canadian firm set to be wound up. The firm had been in talks to take on a group of between 60 and 70 lawyers from Heenan Blaikie, after the Canadian firm - once one of the largest in the country - announced it was to shut down operation last week.
February 10, 2014 at 11:56 AM
2 minute read
DLA Piper has ended discussions to take on a group of lawyers from Heenan Blaikie, the Canadian firm set to be wound up.
The firm had been in talks to take on a group of between 60 and 70 lawyers from Heenan Blaikie, after the Canadian firm – once one of the largest in the country – announced it was to shut down operation last week.
According to Canadian press reports the same group of lawyers has now begun talks with other firms.
A DLA Piper spokesperson said: "As we announced last week, DLA Piper was in discussions with a group of lawyers at Heenan Blaikie about joining the firm in Canada. However, on Sunday night, after additional due diligence and consideration over the weekend, we were unable to agree to economic terms and accommodate the needs of the lawyers at Heenan Blaikie. As a result, we have ended all negotiations.
"We were extremely impressed with the lawyers we met during this process and wish them all the best. We continue to strongly believe that Canada is an important market for the firm and will explore future opportunities there that complement our global business strategy."
DLA has had its eye on the Canadian market for some time, having held talks with local heavyweight Fasken Martineau about a potential tie-up back in 2008.
Aside from Dentons, other firms to have entered the Canadian market include Clyde & Co which merged with local firm Nicholl Paskell-Mede in 2011 and Norton Rose, which secured two Canadian mergers with Ogilvy Renault and Macleod Dixon in 2011 and 2012 respectively.
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