Locke Lord's MP Clements Weighs in on Patton Boggs Talks
Clements says there is no deadline for wrapping up the Patton Boggs talks. Her job, as she sees it, is to make sure Locke Lord’s partners are comfortable with any transaction.
“If we recommend a merger to the partnership, it will be after our due diligence has been completed. There’s no timeframe for that," she adds. "We’ve done three big deals since 1986, and [mergers] are complicated transactions that need to be taken seriously. When done right, they can be enormously beneficial.”
One question to be answered should a marriage come to pass is what the resulting firm will be called. Though the talks are too tentative for Newberry or Clements to play this particular parlor game, a search of the WhoIs.com Internet domain registry offers some possibilities. A South Korean buyer bought the rights to pattonboggslockelord.com on Nov. 15, while a Virginia buyer picked up lockeboggs.com and lordboggs.com on Oct. 16. (Other combinations of the two firms' names remain available.)
One former Patton Boggs partner, who acknowledges the firm's recent struggles, says he hopes—and believes—that it will survive as a standalone entity. He fondly recalls that in all his years at the firm, if someone on an airplane seated next to him asked where he worked, his response was always understood.
“Whenever I said, ‘Patton Boggs,’ not once did anyone say, ‘Who are those guys?’” he says. “I always felt very good about that.”
Additional reporting by Sara Randazzo and Matthew Huisman.