Midsize firms all over the country are seeking out merger opportunities, but this Texas firm couldn’t strike a deal, so it chose to close instead. (Photo: Shutterstock.com)
In 2017 and 2018, North Texas firm Hiersche Hayward Drakeley Urbach engaged in merger talks with four different out-of-state firms, but in each case negotiations ended as the non-Texas firms became more interested in cherry-picking laterals than fully combining.
But as 2019 winds down, the midsize firm based in Addison, just north of Dallas, announced that it plans to close at the end of the year, when nine of its lawyers move to Spencer Fane’s Plano office and four others join Mayer LLP in Dallas. Founder Jerry Hiersche will retire after he completes the wind-down.
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