ILNews

Record-breaking year for law firm mergers

Jennifer Nelson
November 25, 2013
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This summer, Altman Weil Inc. predicted 2013 could be a record year for law firm mergers and acquisitions. Turns out, the legal consulting company was correct: 78 law firm mergers have occurred this year, taking down the previous record of 70 mergers and acquisitions in one year.

In 2008, there were 70 mergers among U.S. law firms. In July, Altman Weil MergerLine suggested, based on the numbers at the mid-year point, 2013 could be one for the record books.

Through the third quarter of 2013, 58 law firm combinations had been announced. Since Oct. 1, 20 more have occurred, including the merger Taft Stettinius & Hollister LLP announced last week with Chicago firm Shefsky & Froelich. That combination will bring Taft to nearly 400 attorneys firm-wide, according to Robert J. Hicks, partner-in-charge in Taft’s Indianapolis office.

In addition to Taft, four other firms with Indiana ties have combined this year. In June, Lorch and Naville and Ward King Agnew in New Albany combined to create a 14-attorney firm of Lorch Naville Ward LLC. In September, Fort Wayne firm Federoff Kuchmay LLP merged with Carson Boxberger LLP, upping the total of attorneys at Carson Boxberger to 27.

Mergers this year have ranged from firms as small as four and two attorneys combining to as large as Chicago-based Baker & McKenzie, with 4,000 attorneys, merging with a Dubai, United Arab Emirates firm with 45 attorneys.
 

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  1. by the time anybody gets to such files they will probably have been totally vacuumed anyways. they're pros at this at universities. anything to protect their incomes. Still, a laudable attempt. Let's go for throat though: how about the idea of unionizing football college football players so they can get a fair shake for their work? then if one of the players is a pain in the neck cut them loose instead of protecting them. if that kills the big programs, great, what do they have to do with learning anyways? nada. just another way for universities to rake in the billions even as they skate from paying taxes with their bogus "nonprofit" status.

  2. Um the affidavit from the lawyer is admissible, competent evidence of reasonableness itself. And anybody who had done law work in small claims court would not have blinked at that modest fee. Where do judges come up with this stuff? Somebody is showing a lack of experience and it wasn't the lawyers

  3. My children were taken away a year ago due to drugs, and u struggled to get things on track, and now that I have been passing drug screens for almost 6 months now and not missing visits they have already filed to take my rights away. I need help.....I can't loose my babies. Plz feel free to call if u can help. Sarah at 765-865-7589

  4. Females now rule over every appellate court in Indiana, and from the federal southern district, as well as at the head of many judicial agencies. Give me a break, ladies! Can we men organize guy-only clubs to tell our sob stories about being too sexy for our shirts and not being picked for appellate court openings? Nope, that would be sexist! Ah modernity, such a ball of confusion. https://www.youtube.com/watch?v=QmRsWdK0PRI

  5. LOL thanks Jennifer, thanks to me for reading, but not reading closely enough! I thought about it after posting and realized such is just what was reported. My bad. NOW ... how about reporting who the attorneys were raking in the Purdue alum dollars?

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