ILNews

Firm mergers at highest number since 2009

IL Staff
April 4, 2013
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U.S. law firm mergers in the first quarter of this year hit a four-year high, Altman Weil Inc. announced Thursday. Twenty-one firms announced mergers and acquisitions, with most deals involving acquisitions of small law firms.

No Indiana-based firms made any combination moves so far this year based on data from Altman Weil.

“U.S. law firms continue to grow, primarily through targeted acquisitions,” Altman Weil principal Ward Bower said in a release. “Firms are picking up specialty practices, expanding in strong markets and adding offices in new cities.”

Two Detroit-based firms announced mergers with firms in Pittsburgh and Phoenix. The combinations were spread across the country and included seven multi-regional combinations.

There were also seven law firm mergers and acquisitions announced at the end of last year that were finalized in the first quarter of 2013. For comparison, there were 14 law firm mergers and acquisitions announced in the first quarter of 2012 and 11 reported at the end of 2011 that took effect in the 2012 first quarter. Those included five Indiana-based firms: Ice Miller LLP, which merged with Columbus, Ohio-based Schottenstein Zox & Dunn; Bingham McHale, which merged with Louisville-based Greenebaum Doll & McDonald to become Bingham Greenebaum Doll LLP; Evansville firm Kahn Dees Donovan & Kahn, which merged with Evansville firm Lavallo & Frank; and Baker & Daniels, which became Faegre Baker Daniels LLP after merging with Minneapolis-based Faegre & Benson.

 

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  1. Frankly, it is tragic that you are even considering going to an expensive, unaccredited "law school." It is extremely difficult to get a job with a degree from a real school. If you are going to make the investment of time, money, and tears into law school, it should not be to a place that won't actually enable you to practice law when you graduate.

  2. As a lawyer who grew up in Fort Wayne (but went to a real law school), it is not that hard to find a mentor in the legal community without your school's assistance. One does not need to pay tens of thousands of dollars to go to an unaccredited legal diploma mill to get a mentor. Having a mentor means precisely nothing if you cannot get a job upon graduation, and considering that the legal job market is utterly terrible, these students from Indiana Tech are going to be adrift after graduation.

  3. 700,000 to 800,000 Americans are arrested for marijuana possession each year in the US. Do we need a new justice center if we decriminalize marijuana by having the City Council enact a $100 fine for marijuana possession and have the money go towards road repair?

  4. I am sorry to hear this.

  5. I tried a case in Judge Barker's court many years ago and I recall it vividly as a highlight of my career. I don't get in federal court very often but found myself back there again last Summer. We had both aged a bit but I must say she was just as I had remembered her. Authoritative, organized and yes, human ...with a good sense of humor. I also appreciated that even though we were dealing with difficult criminal cases, she treated my clients with dignity and understanding. My clients certainly respected her. Thanks for this nice article. Congratulations to Judge Barker for reaching another milestone in a remarkable career.

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