Indiana law firms part of biggest combinations in 2019
The year 2019 broke the record for U.S. law firm mergers and acquisitions with 115 combinations announced, including Indianapolis offices in some of the biggest deals unveiled.
Mergers & Acquisitions
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Faegre Baker Daniels discussing combination with Philly-based firm
Talks of a combination are underway between Minneapolis-based Faegre Baker Daniels and Philadelphia-based law firm Drinker Biddle & Reath, Indiana Lawyer confirmed Wednesday. A possible deal would mark the third since the beginning of the year among the top six law firms in the Indianapolis market.
Tech company stockholders’ $3.1M award in earnout dispute upheld
The Indiana Court of Appeals on Thursday affirmed a more than $3 million award to stockholders of a technology company in a purchase agreement dispute.
Bingham goes big: Combination with Dentons part of ‘national law firm’ launch
The first steps that led to the combination of Bingham Greenebaum Doll with international giant Dentons were taken in the late spring of 2018, when Bingham leaders W. Tobin McClamroch and Keith Bice fielded a proposal from a friend. In the conference room of Bingham’s Indianapolis office, Joe Andrew, Dentons global chairman and former partner at Bingham Summers Welsh & Spilman, told the partners about the need he saw for a national law firm with offices across the country. No firm currently has an office in the top 20 markets even though, he said, clients are everywhere.
Bingham joining Dentons, bringing biggest global firm to Indiana
In a move that will transform the Indiana legal landscape, Bingham Greenebaum Doll has announced it will be combining with Dentons, the largest international law firm in the world.
Taft merger leads explosive Q3 law firm combinations
The third quarter of 2019 posted a record-setting pace in the law firm mergers and acquisitions market with the combination of Indianapolis-based Taft Stettinius & Hollister and Minneapolis-based Briggs and Morgan leading the pack.
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.
Macey Swanson expanding after closure of Fillenwarth Dennerline
After more than half a century of representing labor unions, working Hoosiers and public interest organizations, the Indianapolis law firm of Fillenwarth Dennerline Groth & Towe closed Sept. 1. However, two attorneys from the firm will be joining and helping transform Macey Swanson into Macey Swanson Hicks Sauer & Vlink LLP.
Taft announces merger, expansion into Minneapolis market
Taft Stettinius & Hollister has announced it will be expanding its footprint through a merger with the 135-attorney Minnesota law firm of Briggs and Morgan. Once the combination is completed Jan. 1, Taft will grow to more than 600 lawyers spread across 12 offices located primarily in the Midwest.
Local legal tech company Doxly acquired by Chicago-based firm
Doxly, a local legal tech firm that helps clients collect and manage legal documents through a cloud-based platform, has been acquired by Litera Microsystems, a Chicago-based provider of document-management software.
Tariffs, CFIUS and Brexit bring uncertainty to M&A transactions
Stricter regulations on foreign investments coupled with the imposition of tariffs on imported goods and the continuing drama surrounding the United Kingdom’s struggle to leave the European Union are creating new hurdles and headaches for attorneys helping client businesses through a merger or acquisition.
McCauley: Treat cybersecurity as a risk factor in M&A due diligence
When it comes to due diligence in merger & acquisition transactions, cybersecurity should be a primary consideration for companies in all industries. Because what you don’t know about your target company could hurt you later.
Right of first refusal splits Court of Appeals
A dispute over contract language divided the Indiana Court of Appeals to the point where judges could not agree whether the case was one of first impression.
Appeals court upholds decision to block Anthem bid for Cigna
A federal appeals court on Friday left in place a decision blocking Indianapolis-based Anthem Inc.’s bid to buy rival health insurer Cigna Corp, saying that a bigger company is not better for consumers.
Interactive investor files class-action suit against $1.4B sale
An Interactive Intelligence Inc. shareholder has sued the Indianapolis-based company and its board members over the firm's forthcoming $1.4 billion sale to another company, claiming that Interactive's value far exceeds the price and that the deal precluded competing offers.
Law firm mergers slow in third quarter
Another record year for law firm combinations in the U.S. may not happen after all. The number of mergers slowed considerably over the summer after a very active first half of 2016, according to Altman Weil MergerLine.