Law firms completed 41 mergers in 2021. The total was up slightly from 40 in 2020, but well below the historical average of 55 mergers per year over the previous decade. Despite the slow down, Indiana’s legal community still saw some combinations take place during the pandemic.
New and soon-to-be lawyers chart a different course in uncertain times
The uncertainty of the times is heightening the worry and stress among law students and new lawyers, but career counselors say the people just entering the legal profession are doing more to confront the issues of the day. They are discussing ways to solve injustices and inequities, pursuing jobs in the public sector and carefully evaluating law firms to determine if they share the same values.Read More
Growing for success: Law firms still looking for merger opportunities, but fewer partners available
With its impending entrance into the Minneapolis market, Taft Stettinius & Hollister LLP is set to expand its footprint to 12 cities, grow its roster of attorneys to more than 600 and take a step closer to its goal of becoming a regionally dominant law firm. While law firm merger activity in the Hoosier State is increasing, the recently announced Taft deal is among the largest in recent years.Read More
The U.S. economy “has never worked fairly for Black Americans — or, really, for any American of color,” Treasury Secretary Janet Yellen said in a speech delivered Monday, one of many by national leaders acknowledging unmet needs for racial equality on Martin Luther King Day.
A July 2021 report by the Indiana Institute for Working Families found that from 2019 to 2020, debt levels in Indiana increased at a rate of 3.6%, which outpaced the national increase of 3.0%. In dollars, Indiana saw debt levels balloon by roughly $8 billion to $226.5 billion in 2020. This equates to $40,770 in household debt per Hoosier.
Indiana’s surging state tax collections have the governor in discussions on whether tax cuts should be considered during the upcoming legislative session.
Bankruptcy filings are continuing to plunge, falling nearly 30% for the 12-month period that ended Sept. 30. But the downward trend could be the calm before the storm.
Fewer Americans sought unemployment benefits last week — the latest encouraging sign for the rebounding U.S. economy — just as Republican-led states including Indiana are moving to cut off a federal benefit for the jobless.
Gov. Eric Holcomb is set to reinstate a requirement that those applying to collect unemployment benefits actively seek jobs and be available for work — a requirement that the state has waived since the beginning of the pandemic.
A Fort Wayne businessman who was a top official in former Gov. Mike Pence’s administration is getting an early jump on running for governor in the 2024 election.
President Joe Biden declared that “America is rising anew” as he called for an expansion of federal programs to drive the economy past the coronavirus pandemic and broadly extend the social safety net on a scale not seen in decades.
Additional relief from the impact of the COVID-19 pandemic will soon be on the way to Hoosier small businesses, as Gov. Eric Holcomb signed a bill Monday creating a grant program that extends and expands existing aid.
President Joe Biden is setting about convincing America it needs his $2.3 trillion infrastructure plan, deputizing a five-member “jobs Cabinet,” including former South Bend Mayor Pete Buttigieg, to help in the effort. But the enormity of his task is clear after Senate Minority Leader Mitch McConnell vowed to oppose the plan “every step of the way.”
Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion, and is suing a long list of insurance carriers it accuses of balking at paying its business interruption costs at its casinos in Indiana and across the nation.
The Indiana Supreme Court has denied a petition from several legal aid providers and social service organizations asking the justices to protect the latest round of stimulus checks from being scooped up by debt collectors.
Republican attorneys general from 21 states, including Indiana, are questioning a provision in the $1.9 trillion pandemic rescue plan that bars states from using its funds to offset tax cuts.
Congress is poised to approve a landmark $1.9 trillion COVID-19 relief bill, placing President Joe Biden on the cusp of an early triumph that advances Democratic priorities and showcases the unity his party will need to forge future victories.
An exhausted Senate narrowly approved a $1.9 trillion COVID-19 relief bill Saturday as President Joe Biden and his Democratic allies notched a victory they called crucial for hoisting the country out of the pandemic and economic doldrums.
President Joe Biden and Democrats agreed to tighten eligibility limits for stimulus checks, bowing to party moderates as leaders prepared to move their $1.9 trillion COVID-19 relief bill through the Senate.
President Joe Biden urged Senate Democrats to rally behind a $1.9 trillion COVID-19 relief bill and stood by his proposed $1,400 payments to individuals, even as some party moderates sought to dial back parts of the package.
More people will be allowed into Marion County restaurants, bars and gyms starting March 1, Indianapolis Mayor Joe Hogsett announced Thursday morning, citing improving local COVID-19 pandemic conditions.