Sands Anderson Marks & Miller spins off group
Headline News
Sands Anderson Marks & Miller, a regional law firm based in Richmond, plans to spin off its workers’ compensation practice group as a separate company.
A name has not been chosen.
“We are looking for more flexibility to follow the market and keep our clients at the cutting edge of the best service we can give,” said Cecil Creasey, chairman of the workers’ comp group and one of four partners that will head up the new firm.
Creasey did not get into financial terms but said that they reached a very “equitable arrangement” with Sands Anderson. He said he expects the law firm to be independent of Sands Anderson by the end of the year.
The firm will employ 25 to 30 people, including attorneys, paralegals and staff, most of whom will come from the existing practice. It will have offices in Richmond and Blacksburg. Creasey said they are searching for office space.
The workers’ comp unit has 10 attorneys, about 13 percent of Sands Anderson’s roster of 75. Creasey said the unit handles hundreds of cases a year.
Companies often spin off into separate entities, but it is fairly unusual for law firms to do so. Typically lawyers leave a firm and start from scratch.
Sand Anderson was formed about 150 years ago in Richmond and has five offices in Virginia and North Carolina. According to Virginia Lawyers Weekly, the firm is the state’s seventh largest.
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