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Small law firm acquisitions drive record year in mergers

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Law firm combinations were up 47 percent in 2013, which is the highest number of combinations recorded in the seven years that Altman Weil MergerLine has been compiling data, the organization announced Wednesday.

The surge in mergers last year was driven by a boom in acquisitions of small law firms, said Altman Weil principal Ward Bower.

“These kinds of deals are smart, low-risk moves to enter new markets and acquire new clients, and we expect the trend to continue in 2014,” he said.

Of the 88 law firm combinations reported in 2013, 82 percent were acquisitions of firms with 20 or fewer lawyers. Most of the larger deals in 2013 involved a bigger firm that was at least five times the size of a smaller firm with which it combined.

Bower also pointed out that most of the law firm combinations these days are actually acquisitions, not mergers.

“The complexity of a true merger of equals is exponentially greater. There are any number of potential pitfalls on the way to the altar,” he remarked.

Taft Stettinius & Hollister LLP recently completed its merger with Chicago firm Shefsky & Forelich. Four other firms with Indiana ties combined in 2013. 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.
 

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  1. "Am I bugging you? I don't mean to bug ya." If what I wrote below is too much social philosophy for Indiana attorneys, just take ten this vacay to watch The Lego Movie with kiddies and sing along where appropriate: https://www.youtube.com/watch?v=etzMjoH0rJw

  2. I've got some free speech to share here about who is at work via the cat's paw of the ACLU stamping out Christian observances.... 2 Thessalonians chap 2: "And we also thank God continually because, when you received the word of God, which you heard from us, you accepted it not as a human word, but as it actually is, the word of God, which is indeed at work in you who believe. For you, brothers and sisters, became imitators of God’s churches in Judea, which are in Christ Jesus: You suffered from your own people the same things those churches suffered from the Jews who killed the Lord Jesus and the prophets and also drove us out. They displease God and are hostile to everyone in their effort to keep us from speaking to the Gentiles so that they may be saved. In this way they always heap up their sins to the limit. The wrath of God has come upon them at last."

  3. Did someone not tell people who have access to the Chevy Volts that it has a gas engine and will run just like a normal car? The batteries give the Volt approximately a 40 mile range, but after that the gas engine will propel the vehicle either directly through the transmission like any other car, or gas engine recharges the batteries depending on the conditions.

  4. Catholic, Lutheran, even the Baptists nuzzling the wolf! http://www.judicialwatch.org/press-room/press-releases/judicial-watch-documents-reveal-obama-hhs-paid-baptist-children-family-services-182129786-four-months-housing-illegal-alien-children/ YET where is the Progressivist outcry? Silent. I wonder why?

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