Merger activity among law firms increased in the third quarter, according to a report by Altman Weil, but with just 44 deals announced so far this year, 2020 is mirroring the Great Recession rather than the explosive growth experienced in recent years.
A Delaware judge rebuffed efforts by both Cigna Corp. and Anthem Inc. to collect billions over their failed merger, saying Cigna had breached its obligations but the merger was likely to have been blocked on antitrust grounds anyway.
Dentons has announced a future combination with Salt Lake City-based Durham Jones & Pinegar, which is being billed as the largest law firm combination announced since the beginning of the COVID-19 pandemic. The global legal giant announced the combination Tuesday as part of its strategy that also included its combination finalized earlier this year with the former Bingham Greenebaum Doll.
Although the pandemic has thrown ice water on the red-hot law firm merger market, combinations are still happening and Indiana, a state often absent from the list of merger activity, recorded two separate combinations just as the COVID-19 crisis was taking hold.
Indianapolis-based Simon Property Group Inc. on Wednesday morning announced it has called off its deal to acquire rival shopping center owner Taubman Centers Inc. for $3.6 billion.
The Chicago-based law firm of Kovitz Shifrin Nesbit now has an Indiana address with the completion of its acquisition of the Tanner Law Group, an Indianapolis firm that represented the largest number of community associations in the Hoosier state.
A de facto merger existed between two companies operated under a “continuity of management,” the Indiana Court of Appeals ruled Monday, upholding a judgment against the successor entity.
On the heels of luring some key lateral hires and opening three new locations in December, Barnes & Thornburg is again expanding with the opening of its first office in New York.
The Baker & Daniels name which has been listed among Indiana law firms since 1889 was erased Feb. 1, 2020, as the historic legal entity transformed into Faegre Drinker Biddle & Reath and is now one of the 50 largest firms in the country.
The world’s largest law firm now has an Indiana address as the combination between Dentons and Bingham Greenebaum Doll launched Monday as part of the global firm’s first step to creating a national law firm in the United States.
The year 2020 will go down in the Indiana legal history books as the time when big law came to the Hoosier state. Firm leaders say the growth is driven primarily by client demands for varied legal services.
SmithAmundsen and the Indianapolis intellectual property firm of Brannon Sowers & Cracraft have agreed to a strategic alliance which will allow each firm to retain its identity while having access to the other’s attorneys and resources.
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.
When those in the legal community look back at 2019, they may turn their heads and look forward instead. While the year had bright spots, several sordid sagas dominated the headlines.
Faegre Baker Daniels and Philadelphia-based Drinker Biddle & Reath have officially announced the combination of their law firms following an affirmative vote by the partnerships of both organizations. The announcement comes about a month after murmurs began that such a move was underway.
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.
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.
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.
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.
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.