ILNews

IBA: Law Firm Mergers Hold Steady Nationally at Pre-Recession Pace

Back to TopCommentsE-mailPrint

There were 14 law firm mergers and acquisitions announced in the United States in the first quarter of 2012, according to Altlman Weil. This continues the rebound of law firm combinations that began in the fall of 2010 and held through all of 2011.

“We’ve averaged about 15 mergers and acquisitions in each of the last six quarters,” said Altman Weil principal Eric Seeger. “The pace of merger activity is holding steady at pre-recession levels.”

Typically, there are one or two big law firm mergers announced in the first quarter of the year, as well as a spate of small acquisitions and combinations — and 2012 is no exception. There was one large law firm merger in the quarter, while the balance of reported combinations involved either the acquisition of a firm with 20 or fewer lawyers, or the merger of two small firms.

In January, Atlanta-based McKenna Long & Aldridge announced its intention to merge with California law firm Luce Forward Hamilton & Scripps. The merger, which was finalized in March, created a new firm of over 550 lawyers.

Five large law firms made geographic moves, expanding their footprints with small, strategic acquisitions. K&L Gates acquired Marini Salsi Picciau in Milan, giving the firm its first Italian office. Littler Mendelson moved into Memphis with the acquisition of labor and employment boutique Kiesewetter Wise Kaplan Prather. Jackson Lewis strengthened its position in Milwaukee by combining with Simandl & Prentice. Baker Donelson made its second acquisition in the hot Houston market, with Drucker Rutledge & Smith. And, Womble Carlyle added an office in the South Carolina capital by acquiring Hall & Bowers in Columbia.

Carroll Burdick & McDonough, a San Francisco-based firm with 72 lawyers, made the only other cross-border deal of the quarter. The firm combined with Schweiger & Partners, a 5-lawyer, intellectual property boutique with offices in Germany and Singapore.

“In this type of combination, the larger firm is able to acquire new client relationships in new markets and the smaller firm is able to execute a transition that works for the partners and their clients,” Seeger explained.

In addition to the 14 new law firm combinations announced between January and March 2012, there were eleven deals announced at the end of last year that were finalized in the first quarter. This is also typical of the annual pattern of merger activity.

There were several noteworthy deals in this category, including Bryan Cave’s acquisition of Holme Roberts & Owen to create a firm with over 1,000 lawyers; and the merger between Faegre & Benson, a 447-lawyer firm headquartered in Minneapolis, and 323-lawyer, Indianapolis firm Baker & Daniels.•

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

facebook - twitter on Facebook & Twitter

Indiana State Bar Association

Indianapolis Bar Association

Evansville Bar Association

Allen County Bar Association

Indiana Lawyer on Facebook

facebook
ADVERTISEMENT
Subscribe to Indiana Lawyer
  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.

ADVERTISEMENT