Bingham McCutchen and McKee Nelson have signed a letter of intent to combine on or before Aug. 1, today’s Bingham release said.

The combined firm will use the Bingham McCutchen name, and will bring together Bingham’s 1,000 lawyers in 12 offices in the U.S., U.K. and Asia with McKee Nelson’s 120 lawyers, located in New York and Washington, D.C., two cities in which Bingham’s presence will exceed 200 lawyers each.

The transaction represents Bingham’s tenth combination during Jay Zimmerman’s 15-year chairmanship, who calls the combination appropriate for financial services clients considering the changing political and economic environment.

McKee Nelson Co-founder and Co-CEO William Nelson said Bingham’s platform and positive workplace environment attracted McKee to the deal.

The new combined firm will include restructuring and insolvency practices, complex securities and financial litigation and regulation, finance, structured finance and capital markets, and tax planning and tax controversy.

The firm will focus on creating practices for global financial services firms and Fortune 100 companies.

The transaction is subject to due diligence and approval by both partnerships, the release noted.

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