An Indianapolis law firm with a broad range of representation and diverse clientele plans to close its doors after more than 90 years.
Stewart & Irwin P.C. has notified current staff and former firm members that the firm will close in the coming weeks, according to an email provided to Indiana Lawyer. The email indicated that S&I is planning a private event for those associated with the firm.
President Mary Schmid and other firm executives did not reply to numerous telephone messages and emails seeking comment. Several attorneys familiar with the situation who spoke on condition of anonymity said several S&I shareholders have landed with other Indianapolis firms.
Stewart & Irwin is “essentially dissolving and the partners are scattering various places,” said an attorney who asked not to be identified. “Associates are jumping ship,” said another attorney who likewise did not wish to be named.
According to the firm’s website, Stewart & Irwin was founded in 1921 and represents a wide range of private-sector and government clients. The firm listed practice areas including automotive retail, corporate, general business, environmental, governmental affairs and regulation, insurance defense and coverage, medical malpractice defense, personal services, real estate, communications and utilities, estate and succession planning, employment and labor, intellectual property and technology, and construction and development.
Stewart & Irwin has downsized by almost one-third in the past five years. The firm lists on its website 24 lawyers, including 13 shareholders or equity shareholders, five associates and six attorneys listed either as of counsel or retired. In the 2008 Indiana Legal Directory, S&I listed 34 lawyers – 21 shareholders or equity shareholders, seven associates and six of counsel.