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

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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.•

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  1. Good riddance to this dangerous activist judge

  2. What is the one thing the Hoosier legal status quo hates more than a whistleblower? A lawyer whistleblower taking on the system man to man. That must never be rewarded, must always, always, always be punished, lest the whole rotten tree be felled.

  3. I want to post this to keep this tread alive and hope more of David's former clients might come forward. In my case, this coward of a man represented me from June 2014 for a couple of months before I fired him. I knew something was wrong when he blatantly lied about what he had advised me in my contentious and unfortunate divorce trial. His impact on the proceedings cast a very long shadow and continues to impact me after a lengthy 19 month divorce. I would join a class action suit.

  4. The dispute in LB Indiana regarding lake front property rights is typical of most beach communities along our Great Lakes. Simply put, communication to non owners when visiting the lakefront would be beneficial. The Great Lakes are designated navigational waters (including shorelines). The high-water mark signifies the area one is able to navigate. This means you can walk, run, skip, etc. along the shores. You can't however loiter, camp, sunbath in front of someones property. Informational signs may be helpful to owners and visitors. Our Great Lakes are a treasure that should be enjoyed by all. PS We should all be concerned that the Long Beach, Indiana community is on septic systems.

  5. Dear Fan, let me help you correct the title to your post. "ACLU is [Left] most of the time" will render it accurate. Just google it if you doubt that I am, err, "right" about this: "By the mid-1930s, Roger Nash Baldwin had carved out a well-established reputation as America’s foremost civil libertarian. He was, at the same time, one of the nation’s leading figures in left-of-center circles. Founder and long time director of the American Civil Liberties Union, Baldwin was a firm Popular Fronter who believed that forces on the left side of the political spectrum should unite to ward off the threat posed by right-wing aggressors and to advance progressive causes. Baldwin’s expansive civil liberties perspective, coupled with his determined belief in the need for sweeping socioeconomic change, sometimes resulted in contradictory and controversial pronouncements. That made him something of a lightning rod for those who painted the ACLU with a red brush." http://www.harvardsquarelibrary.org/biographies/roger-baldwin-2/ "[George Soros underwrites the ACLU' which It supports open borders, has rushed to the defense of suspected terrorists and their abettors, and appointed former New Left terrorist Bernardine Dohrn to its Advisory Board." http://www.discoverthenetworks.org/viewSubCategory.asp?id=1237 "The creation of non-profit law firms ushered in an era of progressive public interest firms modeled after already established like the National Association for the Advancement of Colored People ("NAACP") and the American Civil Liberties Union ("ACLU") to advance progressive causes from the environmental protection to consumer advocacy." https://en.wikipedia.org/wiki/Cause_lawyering

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