‘Forecast is a little bit cloudy’: Venture capital exits hit their lowest in 2023, but rebound could be coming
In 2023, attorneys saw venture capital exits at their lowest levels since the pandemic and 2008 market crash.
In 2023, attorneys saw venture capital exits at their lowest levels since the pandemic and 2008 market crash.
It seems these days that the only opportunity for mid-sized firms to expand geographic reach or to grow bench strength and revenue is to acquire or combine with like-minded competitors.
When my law firm, Quarles & Brady, combined with a labor and employment boutique firm in San Diego last January — more than 2,000 miles from Indianapolis — it may not have initially seemed especially newsworthy to people locally.
Our vision of being truly local and uniquely global has provided outstanding results for our firm, our partners and most importantly for our clients.
For some Indiana law firms involved with mergers and acquisitions, 2023 was a slower year.But attorneys like David Barrett, an executive partner in Faegre Drinker Biddle & Reath LLP’s Indianapolis office, say they expect things to pick up in 2024.
Amundsen Davis LLC, which has an Indianapolis office, has announced it will expand its operations and formally combine with the Columbus, Ohio-based law firm of Crabbe Brown & James LLP.
Two of the area’s oldest law firms have joined forces, as Hamilton County-based Church Church Hittle + Antrim celebrated its new merger with Burrus & Sease June 8.
Faegre Drinker Biddle & Reath LLP hosted its 10th M&A Conference last week, continuing the evolution of an event that firm partner Jim Birge once feared was stale to something that he hopes is more interesting and relevant.
Frost Brown Todd is starting out 2023 on a high note with a recent merger with California-based AlvaradoSmith. Effective the first of the year, it brings two strong, regional law firms into one national firm with a coast-to-coast footprint.
Dinsmore & Shohl LLP, which has three Indiana offices, started the new year with a merger with Mulvaney Barry Beatty Linn & Mayers LLP in San Diego, along with a new chair.
Effective New Year’s Eve, Taft Stettinius & Hollister and Jaffe Raitt Heuer & Weiss completed a combination first announced in September 2022. The move gives Taft — which has an office in Indianapolis — its first Michigan footprint.
Frost Brown Todd and California-based AlvaradoSmith willl combine on Jan. 1, 2023, and will have more than 575 attorneys in 17 offices across nine states, including, Indiana and Washington, D.C.
Frost Brown Todd, which has more than 500 attorneys in 14 markets including Indiana, is expanding to the West Coast through a merger with California-based AlvaradoSmith, one of the nation’s largest minority-owned and operated law firms. The combination will become effective Jan. 1, 2023.
SmithAmundsen, which has an office in Indianapolis, is expanding its capacity by entering into its first combination with an entire law firm, which will place the new entity among the largest 200 law firms in the U.S.
Katz Korin Cunningham, a fixture in the Indianapolis legal market since 1994, has merged with Stoll Keenon Ogden PLLC, a regional law firm based in Kentucky, effective July 1. The combined offices will operate under the Stoll Keenon name and have 45 attorneys in the Circle City.
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.
A merger of two plaintiffs’ firms in Indianapolis is reuniting two trial lawyers, Joseph Williams and James Piatt, with their mentor, Ron Waicukauski.
Months after its entry into the Indiana market, Dinsmore & Shohl has grown its Indianapolis office by 15% in recent weeks with the addition of six attorneys.
Crowell & Moring, an international law firm with more than 550 attorneys around the world, is entering the Indianapolis market through a merger with the boutique intellectual property law firm, Brinks Gilson & Lione.
Dentons has launched its combination with the Alabama law firm Sirote & Permutt, adding to the global giant’s Project Golden Spike initiative that is creating the “first truly national U.S. law firm.”