/PRNewswire/ Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced for the closing.
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April 30, 2021 at 11:13 AM
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Has your firm experienced declining revenue and drops in headcount thanks to lateral departures? Did you have to take out a $5.3 million PPP loan during the pandemic? Were layoffs and salary cuts part of your coronavirus crisis survival plans? After a financially successful finish in 2020, are you looking ahead to the future but unsure about next steps? You may be experiencing the urge to merge.
This is reportedly what’s happening at Chicago-based Schiff Hardin, and the firm is supposedly in talks with D.C.-based Arent Fox, which has been larding itself up with lateral hires in recent weeks. The firms seem to be well matched in terms of finances: last year, Schiff had a revenue per lawyer of $827,000 and $1.07 million in profits per equity partner, while Arent had a revenue per lawyer of $866,000 and $1.11 million in profits per equity partner. But not so fast, matchmakers….
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