Drinker Biddle agrees merger deal with Chicago's Gardner Carton
By James Illman
November 13, 2006 at 07:03 PM
1 minute read
East Coast firm Drinker Biddle & Reath has significantly beefed up its Chicago offering after agreeing a merger with 200-lawyer Chicago firm Gardner Carton & Douglas.
The deal, which goes live on 1 January, 2007, creates a 650-lawyer firm with a dozen offices and annual fee income approaching $350m (£185m), making the new practice one of the largest firms by revenue in Philadelphia.
The combined firm will practise under the Drinker Biddle name apart from in Illinois and Wisconsin, where it will be known as Drinker Biddle Gardner Carton until 2008. Drinker Biddle's Philadelphia hub will remain as the overall headquarters of the new firm.
The move comes despite Gardner Carton facing a multimillion-dollar claim relating to allegations that former partner Steven Loren took kickbacks while representing the Teacher's Retirement System of the State of Illinois.
The merger continues a run of tie-ups between US firms in recent months. Most notably, the proposed mega-merger between New York firm Dewey Ballantine and expansive West Coast giant Orrick Herrington & Sutcliffe is set to go live in January next year, subject to a partner vote.
This content has been archived.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
© 2024 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 AllSkadden to Close in Shanghai and Make Cuts to China Corporate Practice
DWF Group's Canadian Firm Set to Add Fourth Office With 16-Lawyer Montreal Team
UK Law Firms Face £75M Money Laundering Investigations Alongside Russia Scrutiny
3 minute readTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
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