Stroock’s New Merger Partner Means The Firm May Not Face ‘Bankruptcy,’ ‘Dissolution’

Ed. note: Welcome to our daily feature, Quote of the Day.

For the Stroock people, this is extremely good news because it gets them a pathway forward and a landing spot as a firm. It sounds like they wouldn’t face any of the mess that comes from bankruptcy or dissolution.

— An anonymous former Stroock & Stroock & Lavan employee, in optimistic comments given to the American Lawyer on the non-exclusive letter of intent to merge signed between Pillsbury Winthrop Shaw Pittman and Stroock.

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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.