ILNews

BREAKING: Locke Reynolds merging with Kentucky firm

Michael W. Hoskins
December 4, 2008
Back to TopCommentsE-mailPrintBookmark and Share

One of Indiana's largest law firms is merging with a Kentucky-based firm in a move to become more of a regional and national player.

Indiana-based Locke Reynolds will join Frost Brown Todd of Louisville, effective Jan. 5. Both firms voted Wednesday afternoon in favor of the union, which means the end of the name Locke Reynolds that's been a part of the state's legal community since 1917.

Post-merger, the firm will take the name Frost Brown Todd.

"We expect to be as competitive in this marketplace as anyone in this country," said Locke Reynolds partner and management committee member Jim Dimos. "(Frost Brown Todd) saw not being in Indianapolis as a hole in their strategy. They see this as a vibrant city and they're excited about being here."

As one of the top 10 largest firms in the state, Locke Reynolds has about 80 attorneys in its Indianapolis and Fort Wayne offices. Frost Brown Todd describes itself as one of the largest regional firms between Chicago and Atlanta, with more than 350 attorneys in the 10 offices scattered throughout fives states - Indiana, Kentucky, Ohio, Tennessee, and West Virginia. Currently, it has three attorneys listed as working in the New Albany, Ind., location.

Post-merger, the firm will have between 90 and 100 attorneys in Indiana and more than 450 attorneys in the five-state region, making it among the Midwest's largest. The firm is expected to see more than $175 million in revenue during its first full year in 2009.

Nelson D. Alexander, who is currently managing partner at Locke Reynolds, will serve as member-in-charge of Frost Brown Todd's office in Indianapolis once the merger is finalized.

This marriage has been in the works for about two years, Dimos said. The Indiana firm has explored potential mergers for years, but nothing ever gained momentum until 2007 when partners decided to more aggressively investigate options and then the two firms found each other. They got serious about the merger earlier this year, he said.

Dimos said that by merging, the litigation-strong Locke Reynolds is able to strengthen the transactional, non-litigation practice areas that Frost Brown Todd thrives in, such as corporate and commercial law.

"We have attorneys there, but we needed more depth in those areas in addition to our litigation practice that's already strong at a regional or national level," Dimos said. "This was the best course for us."

Neither firm has been struggling in these economic times and that wasn't a factor in the merger, Dimos said. Both firms expect a smooth transition because they share a similar culture and personality, and no staff or lawyer layoffs are expected, he said.

Foster Brown Todd officials weren't immediately available for comment on the merger news, but in a news release co-managing members Richard Erikson and Ed Glasscock spoke highly of Indianapolis and the opportunity to enter this market.

This is the second Indiana firm this year to merge with an out-of-state firm and strip the established local name - Indianapolis-based Sommer Barnard became Taft Stettinius & Hollister in May. The Indianapolis Business Journal also reported this week that Indianapolis-based, 263-attorney Ice Miller is expected to soon announce a merger with 180-attorney Greenebaum Dolly & McDonald in Louisville, Ky, though both firms have declined to publicly comment on that.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
Subscribe to Indiana Lawyer
  1. File under the Sociology of Hoosier Discipline ... “We will be answering the complaint in due course and defending against the commission’s allegations,” said Indianapolis attorney Don Lundberg, who’s representing Hudson in her disciplinary case. FOR THOSE WHO DO NOT KNOW ... Lundberg ran the statist attorney disciplinary machinery in Indy for decades, and is now the "go to guy" for those who can afford him .... the ultimate insider for the well-to-do and/or connected who find themselves in the crosshairs. It would appear that this former prosecutor knows how the game is played in Circle City ... and is sacrificing accordingly. See more on that here ... http://www.theindianalawyer.com/supreme-court-reprimands-attorney-for-falsifying-hours-worked/PARAMS/article/43757 Legal sociologists could have a field day here ... I wonder why such things are never studied? Is a sacrifice to the well connected former regulators a de facto bribe? Such questions, if probed, could bring about a more just world, a more equal playing field, less Stalinist governance. All of the things that our preambles tell us to value could be advanced if only sunshine reached into such dark worlds. As a great jurist once wrote: "Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman." Other People's Money—and How Bankers Use It (1914). Ah, but I am certifiable, according to the Indiana authorities, according to the ISC it can be read, for believing such trite things and for advancing such unwanted thoughts. As a great albeit fictional and broken resistance leaders once wrote: "I am the dead." Winston Smith Let us all be dead to the idea of maintaining a patently unjust legal order.

  2. The Department of Education still has over $100 million of ITT Education Services money in the form of $100+ million Letters of Credit. That money was supposed to be used by The DOE to help students. The DOE did nothing to help students. The DOE essentially stole the money from ITT Tech and still has the money. The trustee should be going after the DOE to get the money back for people who are owed that money, including shareholders.

  3. Do you know who the sponsor of the last-minute amendment was?

  4. Law firms of over 50 don't deliver good value, thats what this survey really tells you. Anybody that has seen what they bill for compared to what they deliver knows that already, however.

  5. As one of the many consumers affected by this breach, I found my bank data had been lifted and used to buy over $200 of various merchandise in New York. I did a pretty good job of tracing the purchases to stores around a college campus just from the info on my bank statement. Hm. Mr. Hill, I would like my $200 back! It doesn't belong to the state, in my opinion. Give it back to the consumers affected. I had to freeze my credit and take out data protection, order a new debit card and wait until it arrived. I deserve something for my trouble!

ADVERTISEMENT