Slow economy, fewer mergers

October 8, 2008
Back to TopCommentsE-mailPrintBookmark and Share
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?

Post a comment to this story

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
  1. Heritage, what Heritage? The New Age is dawning .... an experiment in disordered liberty and social fragmentation is upon us .... "Carmel City Council approved a human rights ordinance with a 4-3 vote Monday night after hearing about two hours of divided public testimony. The ordinance bans discrimination on the basis of sexual orientation or gender identity, among other traits. Council members Rick Sharp, Carol Schleif, Sue Finkam and Ron Carter voted in favor of it. The three council members opposing it—Luci Snyder, Kevin Rider and Eric Seidensticker—all said they were against any form of discrimination, but had issues with the wording and possible unintended consequences of the proposal." Kardashian is the new Black.

  2. Can anyone please tell me if anyone is appealing the law that certain sex offenders can't be on school property. How is somebody supposed to watch their children's sports games or graduations, this law needs revised such as sex offenders that are on school property must have another non-offender adult with them at all times while on school property. That they must go to the event and then leave directly afterwards. This is only going to hurt the children of the offenders and the father/ son mother/ daughter vice versa relationship. Please email me and let me know if there is a group that is appealing this for reasons other than voting and religion. Thank you.

  3. Should any attorney who argues against the abortion industry, or presents arguments based upon the Founders' concept of Higher Law, (like that marriage precedes the State) have to check in with the Judges and Lawyers Assistance Program for a mandatory mental health review? Some think so ... that could certainly cut down on cases such as this "cluttering up" the SCOTUS docket ... use JLAP to deny all uber conservative attorneys licenses and uber conservative representation will tank. If the ends justify the means, why not?

  4. Tell them sherry Mckay told you to call, they're trying to get all the people that have been wronged and held unlawfully to sign up on this class action lawsuit.

  5. Call Young and Young aAttorneys at Law theres ones handling a class action lawsuit