Mayer Brown announced a merger today with the Asian law firm, Johnson Stokes & Master. Evidently, the “transformational event” mentioned yesterday on the blog, Above the Law, was the merger, not another indictment.
Johnson Stokes & Master is based in Asia with more than 260 attorneys and offices in Hong Kong, mainland China, Thailand, and Vietnam. Mayer Brown, while having a large presence in Europe and the U.S., had only one office in Asia. The combined firm will have approximately 1,800 attorneys, and the merger will be finalized by the end of January.
Mayer Brown has faced some not-so-good news of late after being hit with malpractice suits for its representation of Refco Inc. The plaintiffs allege Mayer Brown helped Refco, a futures trading company, in an “elaborate scheme” to conceal Refco’s debts. And on Tuesday, Mayer Brown partner Joseph Collins was charged with 11 counts of securities fraud, wire fraud, and making false statements in connection with his work for Refco. Collins is now on leave from the firm.