Slow economy, fewer mergers

October 8, 2008
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Here’s more proof that law firms are struggling in this economy: opportunities for mergers are lessening.

When I think of the economy worsening, I think law firms that are teetering on the brink of going under would try to find another firm to merge with as a way to save costs, combine efforts, and attract or keep clients.

But here’s an interesting observation from Altman Weil Mergerline, an online tracking service from the legal management consulting company Altman Weil, that didn’t cross my mind: the volatile economy we are currently experiencing is actually slowing mergers. So it seems, those firms who are struggling to stay afloat right now and may think merging with a stronger firm is the best way to keep the firm going may be surprised to find firms hunkering down and holding off on merging.

Despite the current slowdown, Altman Weil reports to date, 2008 has already seen 14 more mergers than in 2007, despite the fact third-quarter deals are down from last quarter.

According to Altman Weil, our state has already had three firm mergers this year: Sommer Barnard becoming Taft Stettinius & Hollister; Warsaw firm Miner Lemon & Walston merging with Indianapolis firm Stallwood Law Office; and McTurnan & Turner joining forces with Bingham McHale. In August, Indianapolis firm Coleman Stevenson announced it was merging with the Montel Law Firm of Carmel.

With the volatile economy, do you think Indiana will see any more mergers this year?
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  1. Someone off their meds? C'mon John, it is called the politics of Empire. Get with the program, will ya? How can we build one world under secularist ideals without breaking a few eggs? Of course, once it is fully built, is the American public who will feel the deadly grip of the velvet glove. One cannot lay down with dogs without getting fleas. The cup of wrath is nearly full, John Smith, nearly full. Oops, there I go, almost sounding as alarmist as Smith. Guess he and I both need to listen to this again: https://www.youtube.com/watch?v=CRnQ65J02XA

  2. Charles Rice was one of the greatest of the so-called great generation in America. I was privileged to count him among my mentors. He stood firm for Christ and Christ's Church in the Spirit of Thomas More, always quick to be a good servant of the King, but always God's first. I had Rice come speak to 700 in Fort Wayne as Obama took office. Rice was concerned that this rise of aggressive secularism and militant Islam were dual threats to Christendom,er, please forgive, I meant to say "Western Civilization". RIP Charlie. You are safe at home.

  3. It's a big fat black mark against the US that they radicalized a lot of these Afghan jihadis in the 80s to fight the soviets and then when they predictably got around to biting the hand that fed them, the US had to invade their homelands, install a bunch of corrupt drug kingpins and kleptocrats, take these guys and torture the hell out of them. Why for example did the US have to sodomize them? Dubya said "they hate us for our freedoms!" Here, try some of that freedom whether you like it or not!!! Now they got even more reasons to hate us-- lets just keep bombing the crap out of their populations, installing more puppet regimes, arming one faction against another, etc etc etc.... the US is becoming a monster. No wonder they hate us. Here's my modest recommendation. How about we follow "Just War" theory in the future. St Augustine had it right. How about we treat these obvious prisoners of war according to the Geneva convention instead of torturing them in sadistic and perverted ways.

  4. As usual, John is "spot-on." The subtle but poignant points he makes are numerous and warrant reflection by mediators and users. Oh but were it so simple.

  5. ACLU. Way to step up against the police state. I see a lot of things from the ACLU I don't like but this one is a gold star in its column.... instead of fighting it the authorities should apologize and back off.

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