Firm mergers & the economy

December 4, 2008
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Looks like Locke Reynolds answered the question I posed in a blog from October.

Locke confirmed they are merging with Louisville-Cincinnati firm Frost Brown Todd and taking that firm’s name. This is the second merger a large Indianapolis firm has undertaken this year. In May, Sommer Barnard became Taft Stettinitus & Hollister.

Plus, the Indianapolis Business Journal has reported that Ice Miller is set to merge with Louisville firm Greenebaum Doll & McDonald. Which firm could be next?

Law firms in Indianapolis claim the economy isn’t that bad right now and they aren’t experiencing the issues that the big firms in larger cities like Chicago or New York are facing.

We hear about things happening at law firms – whether it’s staff layoffs, merger discussions, or trimming summer associate positions – but when we try to confirm these things with firms, we get a denial, a “no comment”, or no response at all. Firms have no problem calling us or reaching out to us when they want us to know about a new practice group they’ve created or that a partner has been selected for a committee with a charitable group.

Can the Indiana legal community still say that its not being affected by this current economy now that we’ve got at least two large firms that have merged with out-of-state firms this year? That’s not even taking into account the smaller firms around the state that have joined forces in the last year. Is our legal community in denial, or are these mergers not an indicator that Indiana’s legal community is struggling and firms are looking to remain indispensable?
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  1. I just wanted to point out that Congressman Jim Sensenbrenner, Senator Feinstein, former Senate majority leader Bill Frist, and former attorney general John Ashcroft are responsible for this rubbish. We need to keep a eye on these corrupt, arrogant, and incompetent fools.

  2. Well I guess our politicians have decided to give these idiot federal prosecutors unlimited power. Now if I guy bounces a fifty-dollar check, the U.S. attorney can intentionally wait for twenty-five years or so and have the check swabbed for DNA and file charges. These power hungry federal prosecutors now have unlimited power to mess with people. we can thank Wisconsin's Jim Sensenbrenner and Diane Feinstein, John Achcroft and Bill Frist for this one. Way to go, idiots.

  3. I wonder if the USSR had electronic voting machines that changed the ballot after it was cast? Oh well, at least we have a free media serving as vicious watchdog and exposing all of the rot in the system! (Insert rimshot)

  4. Jose, you are assuming those in power do not wish to be totalitarian. My experience has convinced me otherwise. Constitutionalists are nearly as rare as hens teeth among the powerbrokers "managing" us for The Glorious State. Oh, and your point is dead on, el correcta mundo. Keep the Founders’ (1791 & 1851) vision alive, my friend, even if most all others, and especially the ruling junta, chase only power and money (i.e. mammon)

  5. Hypocrisy in high places, absolute immunity handed out like Halloween treats (it is the stuff of which tyranny is made) and the belief that government agents are above the constitutions and cannot be held responsible for mere citizen is killing, perhaps has killed, The Republic. And yet those same power drunk statists just reel on down the hallway toward bureaucratic fascism.

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