Strasburger & Price Merges with Clark Hill
The merger marks the third this month involving a large Texas firm.
April 10, 2018 at 02:55 PM
5 minute read
Strasburger & Price of Dallas and Detroit-based Clark Hill said Tuesday they will merge effective Wednesday, creating a 650-lawyer firm with offices in 25 cities. The combined firm will be known as Clark Hill everywhere except in Texas, where it will be called Clark Hill Strasburger.
The merger marks the third this month involving a Texas firm.
Partners at the two firms said they had been discussing the possibility of joining forces for about a year. Initial talks grew out of a longtime friendship between Dan Butcher, managing partner of Strasburger, and John Hern Jr., chief executive officer of Clark Hill. Butcher said they met about a decade ago at the LawVision Group Managing Partner Roundtable.
Hern said combining the 200-lawyer Strasburger and the 450-lawyer Clark Hill will provide each firm with a larger geographic reach and more depth in practice offerings. The two also have similar cultures and a “client-first mentality,” he said.
Butcher said Clark Hill brings to the table some practices Strasburger didn't have, such as governmental affairs. And legacy Strasburger clients will now have access to more depth in such practice areas as intellectual property, immigration, labor and employment, real estate, banking, corporate and some litigation specialties.
“It helps us to have a lot more to offer clients,' Butcher said.
Hern, who will be managing partner of the combined firm, said Clark Hill has eyed Texas for some time because many of its clients have operations in the Lone Star State. He said the merger also gives Clark Hill an entré to Latin America through Strasburger's Mexico City office, and resources in such practices as energy, oil and gas, construction, retail, tax and health care. He noted that the combined firm has very significant corporate M&A, intellectual property and labor practices.
Butcher said Strasburger wasn't seeking a merger partner, but the possibility of joining together evolved after the firms began to talk.
“Clark Hill and Strasburger have a similar strategic focus on the type of clients we serve and the value proposition we offer. It's not like a national firm coming in to force the rates up for our lawyers,” he said.
Clark Hill, which ranks in the Am Law 200, has been in expansion mode in recent years. In 2017, it combined with the 100-lawyer West Coast firm Morris Polich & Purdy, and in 2013, it merged with Thorp Reed & Armstrong, a 100-lawyer firm based in Pittsburgh.
It also bolted on the seven-lawyer Chicago litigation shop Martin, Brown, Sullivan, Roadman & Hartnett in 2016 and acquired the Phoenix-based construction boutique Fox & Associates in 2014.
Also, in 2017 Clark Hill opened an office in Dublin after taking on lawyers from the local office of London-based Kerman & Co.
Strasburger is the largest firm to combine with Clark Hill in recent years. Founded in 1939, the Dallas-based firm is known for its corporate and litigation practices in Texas. In 2011, Strasburger acquired the 24-lawyer Oppenheimer, Blend, Harrison and Tate, based in San Antonio. Strasburger has offices in Austin, Beaumont, Dallas, Frisco, Houston and San Antonio, and New York, Washington, D.C., and Mexico City.
Clark Hill has four offices in Michigan, as well as offices in Chicago, Las Vegas, Los Angeles, Morgantown, West Virginia, Philadelphia, Phoenix, Pittsburgh, Princeton, San Diego, San Francisco, Washington, D.C., Wilmington, Delaware and Dublin.
Washington, D.C. is the only overlapping city, and Strasburger's lawyers will move into the Clark Hill offices.
Hern will be managing partner of the combined firm. Butcher will serve on the firm's expanded executive committee. Strasburger partners will hold one-third, and Clark Hill partners will hold two-thirds of the positions on the committee.
In 2017, Strasburger & Price's net income increased 9 percent to $29 million, compared with $27 million in 2016. But its gross revenue rose only slightly, from $93.7 million in 2016 to $93.8 million in 2017. The firm's revenue per lawyer in 2017 was $500,000 and its profits per partner came in at $421,000.
At the larger Clark Hill, gross revenue rose to $193.6 million in 2017, compared to $151.5 million in 2016—an increase of 27.8 percent. Its income totaled $38.3 million, down from 42.9 million the prior year. The firm's revenue per lawyer in 2017 was $480,000 and its profits per partner came in at $525,000.
Strasburger is the third Texas firm to complete a merger this month. On April 1, Gardere Wynne Sewell merged with Foley & Lardner, forming Foley Gardere (Foley & Lardner outside of Texas and Mexico City). And on April 2, Andrews Kurth Kenyon merged with Hunton & Williams, forming Hunton Andrews Kurth.
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 AllSunbelt Law Firms Experienced More Moderate Growth Last Year, Alongside Some Job Cuts and Less Merger Interest
4 minute readOnce the LA Fires Are Extinguished, Expect the Litigation to Unfold for Years
5 minute readTrending Stories
- 1The Use of Psychologists as Coaches/Trial Consultants
- 2Could This Be the Era of Client-Centricity?
- 3New York Mayor Adams Attacks Fed Prosecutor's Independence, Appeals to Trump
- 4Law Firm Sued for $35 Million Over Alleged Role in Acquisition Deal Collapse
- 5The Public-Private Dichotomy in State-Created Insurance Entities
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