Report shows law firm mergers are up
Law Firm News
The second quarter of this year saw the pace of law firm mergers rise sharply in the U.S., according to a new report from legal consultancy Altman Weil Inc.
There were 26 new law firm mergers and acquisitions reported in April, May and June, compared to 18 during the first quarter of the year, according to Newtown Square, Pa.-based Altman Weil.
The largest of the latest law firm combinations was between K&L Gates, a 1,500-attorney firm, and Kennedy Convington Lobdell & Hickman, a 175-lawyer firm.
In Memphis there were no significant mergers reported for the quarter. However, in the previous quarter St. Louis-based Husch & Eppenberger LLC and Kansas City, Mo.,-based Blackwell Sanders LLP finalized their merger, which was first announced last September. Of the two, only Husch & Eppenberger had an office in Memphis.
In July 2007, Memphis-based Baker, Donelson, Bearman, Caldwell & Berkowitz PC merged Atlanta-based Gambrell & Stolz LLP into the firm, adding 36 attorneys.
"Even in a deteriorating economy, law firms continue to pursue a growth strategy via merger and acquisition," said Altman Weil principal Tom Clay in a statement. "And based on our conversations with law firm leaders, we think the pace is unlikely to slow."
Related listings
-
New Albany law firm has San Francisco, NYC offices
Law Firm News 06/10/2008Ronald D'Alessandro has started a law firm, Keohane & D'Alessandro PLLC with offices in San Francisco, New York City and Albany, N.Y. "My partner is in San Francisco," said D'Alessandro. D'Alessandro, 35, met his law partner, Stephen Keohane abou...
-
Law Firm Inks $25M Prelease at Cerritos Towne Center
Law Firm News 05/15/2008Law firm Atkinson, Andelson, Loya, Ruud & Romo signed a lease to occupy 64,600 square feet of Class A office space at the newest building to break ground in the Cerritos Towne Center, at 12800 Center Court Drive. The firm will relocate its headqu...
-
National law firm opens Jacksonville office
Law Firm News 05/06/2008A White-Plains, N.Y.-based firm with a national reach has added an office in Jacksonville, making it the firm's 36th. Former Akerman Senterfitt attorneys Richard N. Margulies and Benjamin D. Sharkey joined Jackson Lewis LLC as partners. Both attorney...
New York Commercial Litigation Law Firm - Woods Lonergan PLLC
Founded in 1993 by Managing Partner James F. Woods, Woods Lonergan PLLC has built a strong reputation as a resourceful and industrious firm that provides clients with clear, concise, and straightforward answers to their most challenging legal issues. Partner Lawrence R. Lonergan, who joined the firm in 2008, has been a friend and colleague to Mr. Woods for over 40 years and shares the same business philosophy. Woods Lonergan PLLC’s collective experience and expertise enables the firm to expeditiously and effectively analyze the increasing challenges clients face in an evolving business and legal world, in many instances, avoiding unnecessary time and expense to our clients. Our mission is simple: provide cutting-edge expertise and sound advice in select areas of the law for corporate and business clients. We thrive on providing each client with personalized attention, forceful representation, and a collaborative team effort that embraces collective knowledge.