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&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;The 84-year-old Thelen LLP is circling the drain.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Things must be sad and strange at the firm if a spokesman sees fit to confirm that dissolution is imminent while the relevant partnership meeting&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&amp;nbsp; &lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;is still going&lt;/i&gt;&lt;/i&gt;. &lt;/p&gt;&lt;p&gt;Like Mike in &lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;The Sun Also Rises&lt;/i&gt;, Thelen went bust in two ways: &amp;#8220;Gradually and then then suddenly.&amp;#8221;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;The 2006 merger between &lt;strong&gt;&lt;span style=&quot;FONT-WEIGHT: normal; mso-bidi-font-weight: bold&quot;&gt;Thelen Reid &amp;amp; Priest&lt;/span&gt;&lt;/strong&gt; and &lt;?xml:namespace prefix=&quot;st1&quot; ns=&quot;urn:schemas-microsoft-com:office:smarttags&quot;?&gt;&lt;st1:state w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;New York&lt;/st1:place&gt;&lt;/st1:state&gt;&#39;s &lt;strong&gt;&lt;span style=&quot;FONT-WEIGHT: normal; mso-bidi-font-weight: bold&quot;&gt;Brown Raysman &lt;/span&gt;&lt;/strong&gt;underachieved. Recent merger talks with &lt;strong&gt;&lt;span style=&quot;FONT-WEIGHT: normal; mso-bidi-font-weight: bold&quot;&gt;Nixon Peabody went nowhere.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;A steady string of partner defections culminated in&lt;/span&gt;&lt;/strong&gt; late September with the Pillsbury Winthrop&#39;s poaching of Thelen&amp;#8217;s entire &lt;st1:place w:st=&quot;on&quot;&gt;&lt;st1:country-region w:st=&quot;on&quot;&gt;China&lt;/st1:country-region&gt;&lt;/st1:place&gt; group.&lt;/p&gt;&lt;p&gt;Now, presumably, Thelen&amp;#8217;s preeminent construction law group will the choicest target for acquisitive rivals.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Will it be Howrey?&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Reports had firm chairman (and construction group head) Stephen O&amp;#8217;Neal in talks with Howrey even as Thelen was entering its final throes. This did not endear him to the firm&amp;#8217;s anxious rank &amp;amp; file. &lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;Isn&amp;#8217;t there a saying about fleeing a sinking ship?&lt;/p&gt;&lt;p&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; -posted by brian&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;?xml:namespace prefix=&quot;o&quot; ns=&quot;urn:schemas-microsoft-com:office:office&quot;?&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;

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