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. Someone off their meds? C'mon John, it is called the politics of Empire. Get with the program, will ya? How can we build one world under secularist ideals without breaking a few eggs? Of course, once it is fully built, is the American public who will feel the deadly grip of the velvet glove. One cannot lay down with dogs without getting fleas. The cup of wrath is nearly full, John Smith, nearly full. Oops, there I go, almost sounding as alarmist as Smith. Guess he and I both need to listen to this again: https://www.youtube.com/watch?v=CRnQ65J02XA

  2. Charles Rice was one of the greatest of the so-called great generation in America. I was privileged to count him among my mentors. He stood firm for Christ and Christ's Church in the Spirit of Thomas More, always quick to be a good servant of the King, but always God's first. I had Rice come speak to 700 in Fort Wayne as Obama took office. Rice was concerned that this rise of aggressive secularism and militant Islam were dual threats to Christendom,er, please forgive, I meant to say "Western Civilization". RIP Charlie. You are safe at home.

  3. It's a big fat black mark against the US that they radicalized a lot of these Afghan jihadis in the 80s to fight the soviets and then when they predictably got around to biting the hand that fed them, the US had to invade their homelands, install a bunch of corrupt drug kingpins and kleptocrats, take these guys and torture the hell out of them. Why for example did the US have to sodomize them? Dubya said "they hate us for our freedoms!" Here, try some of that freedom whether you like it or not!!! Now they got even more reasons to hate us-- lets just keep bombing the crap out of their populations, installing more puppet regimes, arming one faction against another, etc etc etc.... the US is becoming a monster. No wonder they hate us. Here's my modest recommendation. How about we follow "Just War" theory in the future. St Augustine had it right. How about we treat these obvious prisoners of war according to the Geneva convention instead of torturing them in sadistic and perverted ways.

  4. As usual, John is "spot-on." The subtle but poignant points he makes are numerous and warrant reflection by mediators and users. Oh but were it so simple.

  5. ACLU. Way to step up against the police state. I see a lot of things from the ACLU I don't like but this one is a gold star in its column.... instead of fighting it the authorities should apologize and back off.

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