Dentons Seals Double Merger Deals in US, Putting New Strategy to the Test
The global megafirm is celebrating the first planned combinations under its "Golden Spike" American expansion plan.
January 27, 2020 at 02:49 PM
3 minute read
The original version of this story was published on The American Lawyer
Dentons on Monday announced it had officially combined with Indianapolis-based Bingham Greenebaum Doll and Pittsburgh-based Cohen & Grigsby, taking its first steps to become what it calls the first truly national U.S. firm.
The combinations, first announced in October as a part of Dentons' new "Golden Spike" strategy, add at least 315 lawyers in 10 U.S. cities—including Cincinnati, Louisville, and Harrisburg, Pennsylvania—to the sprawling Dentons network, which has more than 10,000 lawyers in 74 countries.
Named for the gold railroad spike that was used to mark the completion of the Transcontinental Railroad in 1869, Dentons' strategy is focused on filling what it sees as a gap in the U.S. legal industry: None of the country's 10 largest law firms are in all 20 of its largest markets, and many of those markets are virtually ignored by the largest firms.
By combining with Bingham and Cohen, Dentons is now in 14 of the largest U.S. markets and in 33 states overall.
These numbers are small compared to the number of offices other professional services have in the U.S. As part of its Golden Spike pitch, Dentons noted that PwC has offices in 79 U.S. cities, even though it has the smallest U.S. footprint of the Big Four accounting firms.
Dentons U.S. CEO Mike McNamara said in an interview prior to Monday's announcement that interest in the new strategy has exceeded the firm's expectations, both from "top-of-the-market" firms and others as well.
"We have very active conversations underway with talented and interesting firms, interesting lawyers," McNamara said. "I very much believe we will have, in 2020 and 2021, additional firms that come together with us, that help us advance the model as we are growing the new national partnership in the U.S."
Dentons global chairman Joe Andrew said in November that Florida was a top priority for the firm's expansion plans. At the time, Dentons had exchanged confidential financial data with "a number" of firms whose leadership have signed nondisclosure agreements. Dentons already has offices in Miami and Naples.
As part of the combinations, McNamara and the leaders of Dentons Bingham Greenebaum and Dentons Cohen & Grigsby will lead a management committee that governs the firm's U.S. region.
The Dentons combinations won't be the only law firm merger news the industry sees this week. On Saturday, the merger between Faegre Baker Daniels in Minneapolis and Philadelphia's Drinker Biddle & Reath will take effect, creating Faegre Drinker Biddle & Reath, an Am Law 50 firm with more than 1,300 lawyers and consultants with 22 offices in the U.S. and abroad.
Apart from the Dentons combinations and Faegre Drinker merger, nine other law firm mergers are scheduled to close in the first quarter of 2020, according to consultancy Fairfax Associates. This included the unions that created Taft—the result of Cincinnati-based Taft Stettinius & Hollister merging with Minneapolis-based Briggs & Morgan—and Lathrop GPM, the result of Kansas City, Missouri-based Lathrop Gage and Minneapolis-based Gray Plant Mooty.
|Read More
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 AllLinklaters Sees Latest Partner Exit as UK Leveraged Finance Partner Walks To Simpson Thacher
2 minute readEx-Dewey & LeBoeuf Banking Lawyer on Trial in Germany’s Cum-Ex Tax Scandal
DLA Piper & Hogan Lovells Expand German Construction and Property Practices
2 minute readWhite & Case, Cleary Among Firms Gearing Up for Biggest London IPO Since 2022
3 minute readTrending Stories
- 1ICC Issues Arrest Warrants for Israel's Prime Minister Over Alleged War Crimes in Gaza
- 2Attorney Responds to Outten & Golden Managing Partner's Letter on Dropped Client
- 3Attracted to Thompson Hine's Fee Flexibility, Morgan Lewis Litigator Switches Firms in Chicago
- 4Phila. Attorney Hit With 5-Year Suspension for Mismanaging Firm and Mishandling Cases
- 5Simpson Thacher Replenishes London Ranks With Latest Linklaters Defection
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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