Credit: Feodora/Adobe Stock Chasing Net Growth, Law Firms Look to 'Mergers of Magnitude'
"We're seeing a lot of interest in mergers of magnitude because laterals and [lateral] groups tend to rarely result in net growth, or net growth that is satisfying to the overall strategy," said law firm consultant Kristin Stark.
February 01, 2023 at 03:27 PM
4 minute read
While large lateral groups and boutique tie-ups gained momentum last year, more sizable combinations were announced at least once a week in January, reflecting a common desire among law firm leaders for more transformational growth.
The legal industry's deal sheet has been plentiful since the start of the year: Atlanta-based Smith, Gambrell & Russell is merging with Chicago-born Freeborn & Peters; Orrick, Herrington & Sutcliffe is combining with Washington, D.C.-founded Buckley; and Holland & Knight is joining Nashville's Waller Lansden Dortch & Davis. Maynard Cooper & Gale in Alabama is also linking up with Carolinas-based Nexsen Pruet.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Change Is Coming With the New Trump Era. For Big Law, Change Is Already Here
6 minute read
After Breakaway From FisherBroyles, Pierson Ferdinand Bills $75M in First Year
5 minute read
Big Law Practice Leaders Gearing Up for State AG Litigation Under Trump
4 minute readLaw Firms Mentioned
Trending Stories
- 1In Resolved Lawsuit, Jim Walden Alleged 'Retaliatory' Silencing by X of His Personal Social Media Account
- 2Government Attorneys Face Reassignment, Rescinded Job Offers in First Days of Trump Administration
- 3Disney Legal Chief Sees Pay Surge 36%
- 4Legaltech Rundown: Consilio Launches Legal Privilege Review Tool, Luminance Opens North American Offices, and More
- 5Buchalter Hires Longtime Sheppard Mullin Real Estate Partner as Practice Chair
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
