Merger talks have begun between Texas firm Hughes & Luce, and international powerhouse K&L Gates. Hughes & Luce has about 150 attorneys in offices in Dallas, Ft. Worth, and Austin, the majority working in Dallas. A combination of the two firms would create a firm of more than 1,500 lawyers in 24 offices the U.S., Europe, and Asia. Hughes & Luce is interested in the deal because the firm has increasingly seen a need to service clients outside of Texas. Additionally, the people and culture of K&L Gates seem like a good fit for the firm. For K&L Gates, having a stronger foothold in Texas is an attractive prospect considering that ten percent of Fortune 1,000 companies are located in Texas. The firms hope to come to an agreement and combine by the end of the year.

Source: www.dallasnews.com