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Baker & Daniels in talks to merge with Minneapolis firm

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Baker & Daniels LLP, one of Indianapolis' largest and oldest law firms, is in merger discussions with a Minneapolis law firm and hopes to complete a deal in October.

Tom Froehle, managing partner of Baker & Daniels, said he announced to partners on Thursday that the firm is in talks with Faegre & Benson LLP.

With 221 local attorneys, Baker & Daniels is the Indianapolis area's second-largest law firm behind Barnes & Thornburg LLP, which has 228 attorneys. Overall, it boasts 308 lawyers in seven locations, including Chicago; Washington, D.C.; and Beijing.

A merger with the 500-lawyer Faegre & Benson would create the largest law-firm combination involving an Indianapolis firm. More importantly, it gives Baker & Daniels a larger regional presence and greater access to more work.

“As the world gets more complicated and specialized, it really takes more breadth and depth of expertise to serve clients,” Froehle said. “We really think this is an opportunity to capitalize on that concept.”

The combined firm would have 13 offices. Besides Minneapolis, Faegre & Benson has Colorado locations in Boulder and Denver. It also has an office in Des Moines, Iowa, as well as international outposts in London and Shanghai. Where the merged firm will be headquartered has not been determined, Froehle said.

The Baker & Daniels name, which has stood since 1889, likely would change to reflect a combination of the firms, Froehle said. The firm was founded as Hendricks & Hord in 1863.

Baker & Daniels’ leadership had been searching for a partner the past few years before deciding on Faegre & Benson.

“Both have quality practices and there’s no overlapping of geography,” Froehle said. “We want to give this thorough analysis and careful consideration to do what’s best for our clients and people.”

Baker & Daniels saw revenue rise nearly 6 percent in 2010, to $152.5 million, while profit per partner increased 2 percent, to $520,000, according to The American Lawyer trade publication. The firm had 119 partners at the start of 2011, according to Indianapolis Business Journal research. The IBJ is the sister publication of Indiana Lawyer. Faegre & Benson’s revenue, meanwhile, declined nearly 10 percent last year, to $256.5 million, but profit per partner increased 5 percent, to $530,000. The firm has 203 partners.

Baker & Daniels is a full-service law firm with strong corporate, litigation, bankruptcy and real estate practices. Its high-profile local corporate clients include Eli Lilly and Co., WellPoint Inc., Clarian Health and Simon Property Group Inc.

If the merger is completed, it would be one of the largest law firm mergers in the United States this year, trailing only Chicago-based DLA Piper’s (3,448 attorneys) acquisition of affiliate DLA Phillips Fox (600 lawyers) in Australia, according to the Altman Weil Inc. consultancy in suburban Philadelphia.

The trend of mid-size firms growing through mergers or acquisitions has picked up steam in Indianapolis in the past few years.

In 2008, Sommer Barnard PC became part of Cincinnati-based Taft Stettinius Hollister LLP. Later that year, Locke Reynolds LLP hooked up with Frost Brown Todd LLC, also in Cincinnati.

And, last year, Dann Pecar Newman & Kleiman PC became part of Cleveland-based Benesch Friedlander Coplan & Aronoff LLP.

Having a regional presence has benefited the former Sommer Barnard, said Robert Hicks, managing partner of the Indianapolis Taft office.

“For us, our daily life has not changed at all,” he said. “We’re still the same culture. It’s just that we have a much bigger, broader tool box, and we love it.”

Nationwide, the number of law firm mergers and acquisitions increased in the first six months of the year compared with the same period in 2010. Through June, 28 deals had been completed, a 47-percent increase from the first half of last year, according to Altman Weil.



 
 

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  1. I have been on this program while on parole from 2011-2013. No person should be forced mentally to share private details of their personal life with total strangers. Also giving permission for a mental therapist to report to your parole agent that your not participating in group therapy because you don't have the financial mean to be in the group therapy. I was personally singled out and sent back three times for not having money and also sent back within the six month when you aren't to be sent according to state law. I will work to het this INSOMM's removed from this state. I also had twelve or thirteen parole agents with a fifteen month period. Thanks for your time.

  2. Our nation produces very few jurists of the caliber of Justice DOUGLAS and his peers these days. Here is that great civil libertarian, who recognized government as both a blessing and, when corrupted by ideological interests, a curse: "Once the investigator has only the conscience of government as a guide, the conscience can become ‘ravenous,’ as Cromwell, bent on destroying Thomas More, said in Bolt, A Man For All Seasons (1960), p. 120. The First Amendment mirrors many episodes where men, harried and harassed by government, sought refuge in their conscience, as these lines of Thomas More show: ‘MORE: And when we stand before God, and you are sent to Paradise for doing according to your conscience, *575 and I am damned for not doing according to mine, will you come with me, for fellowship? ‘CRANMER: So those of us whose names are there are damned, Sir Thomas? ‘MORE: I don't know, Your Grace. I have no window to look into another man's conscience. I condemn no one. ‘CRANMER: Then the matter is capable of question? ‘MORE: Certainly. ‘CRANMER: But that you owe obedience to your King is not capable of question. So weigh a doubt against a certainty—and sign. ‘MORE: Some men think the Earth is round, others think it flat; it is a matter capable of question. But if it is flat, will the King's command make it round? And if it is round, will the King's command flatten it? No, I will not sign.’ Id., pp. 132—133. DOUGLAS THEN WROTE: Where government is the Big Brother,11 privacy gives way to surveillance. **909 But our commitment is otherwise. *576 By the First Amendment we have staked our security on freedom to promote a multiplicity of ideas, to associate at will with kindred spirits, and to defy governmental intrusion into these precincts" Gibson v. Florida Legislative Investigation Comm., 372 U.S. 539, 574-76, 83 S. Ct. 889, 908-09, 9 L. Ed. 2d 929 (1963) Mr. Justice DOUGLAS, concurring. I write: Happy Memorial Day to all -- God please bless our fallen who lived and died to preserve constitutional governance in our wonderful series of Republics. And God open the eyes of those government officials who denounce the constitutions of these Republics by arbitrary actions arising out capricious motives.

  3. From back in the day before secularism got a stranglehold on Hoosier jurists comes this great excerpt via Indiana federal court judge Allan Sharp, dedicated to those many Indiana government attorneys (with whom I have dealt) who count the law as a mere tool, an optional tool that is not to be used when political correctness compels a more acceptable result than merely following the path that the law directs: ALLEN SHARP, District Judge. I. In a scene following a visit by Henry VIII to the home of Sir Thomas More, playwriter Robert Bolt puts the following words into the mouths of his characters: Margaret: Father, that man's bad. MORE: There is no law against that. ROPER: There is! God's law! MORE: Then God can arrest him. ROPER: Sophistication upon sophistication! MORE: No, sheer simplicity. The law, Roper, the law. I know what's legal not what's right. And I'll stick to what's legal. ROPER: Then you set man's law above God's! MORE: No, far below; but let me draw your attention to a fact I'm not God. The currents and eddies of right and wrong, which you find such plain sailing, I can't navigate. I'm no voyager. But in the thickets of law, oh, there I'm a forester. I doubt if there's a man alive who could follow me there, thank God... ALICE: (Exasperated, pointing after Rich) While you talk, he's gone! MORE: And go he should, if he was the Devil himself, until he broke the law! ROPER: So now you'd give the Devil benefit of law! MORE: Yes. What would you do? Cut a great road through the law to get after the Devil? ROPER: I'd cut down every law in England to do that! MORE: (Roused and excited) Oh? (Advances on Roper) And when the last law was down, and the Devil turned round on you where would you hide, Roper, the laws being flat? (He leaves *1257 him) This country's planted thick with laws from coast to coast man's laws, not God's and if you cut them down and you're just the man to do it d'you really think you would stand upright in the winds that would blow then? (Quietly) Yes, I'd give the Devil benefit of law, for my own safety's sake. ROPER: I have long suspected this; this is the golden calf; the law's your god. MORE: (Wearily) Oh, Roper, you're a fool, God's my god... (Rather bitterly) But I find him rather too (Very bitterly) subtle... I don't know where he is nor what he wants. ROPER: My God wants service, to the end and unremitting; nothing else! MORE: (Dryly) Are you sure that's God! He sounds like Moloch. But indeed it may be God And whoever hunts for me, Roper, God or Devil, will find me hiding in the thickets of the law! And I'll hide my daughter with me! Not hoist her up the mainmast of your seagoing principles! They put about too nimbly! (Exit More. They all look after him). Pgs. 65-67, A MAN FOR ALL SEASONS A Play in Two Acts, Robert Bolt, Random House, New York, 1960. Linley E. Pearson, Atty. Gen. of Indiana, Indianapolis, for defendants. Childs v. Duckworth, 509 F. Supp. 1254, 1256 (N.D. Ind. 1981) aff'd, 705 F.2d 915 (7th Cir. 1983)

  4. "Meanwhile small- and mid-size firms are getting squeezed and likely will not survive unless they become a boutique firm." I've been a business attorney in small, and now mid-size firm for over 30 years, and for over 30 years legal consultants have been preaching this exact same mantra of impending doom for small and mid-sized firms -- verbatim. This claim apparently helps them gin up merger opportunities from smaller firms who become convinced that they need to become larger overnight. The claim that large corporations are interested in cost-saving and efficiency has likewise been preached for decades, and is likewise bunk. If large corporations had any real interest in saving money they wouldn't use large law firms whose rates are substantially higher than those of high-quality mid-sized firms.

  5. The family is the foundation of all human government. That is the Grand Design. Modern governments throw off this Design and make bureaucratic war against the family, as does Hollywood and cultural elitists such as third wave feminists. Since WWII we have been on a ship of fools that way, with both the elite and government and their social engineering hacks relentlessly attacking the very foundation of social order. And their success? See it in the streets of Fergusson, on the food stamp doles (mostly broken families)and in the above article. Reject the Grand Design for true social function, enter the Glorious State to manage social dysfunction. Our Brave New World will be a prison camp, and we will welcome it as the only way to manage given the anarchy without it.

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