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BCG News - 7/14/03


Mergers on the Decline

Law firm mergers across the United States are showing signs of slowing, according to a Hildebrandt International Press Release. After 11 mergers in the second quarter of 2002, only seven mergers have been reported for the second quarter of 2003, with the merger involving McGuire Woods and Ross & Hardies considered to be the largest. For the 2003 year, generally smaller firms are merging, as well, as the average size of firms taken on has gone from 57 attorneys in 2002 to 35 this year. A total of 25 mergers have been completed in the 2003 calendar year. Hildebrandt International Press Release, 7/10/03

BCG News - 7/14/03

Arter & Hadden Out, Tucker Ellis & West In

Arter & Hadden, a full-service, Cleveland-based firm that once boasted 450 attorneys, will cease operations effectve July 15, 2003. Arter now serves as the latest casualty of the economic troubles that have affected the legal industry over the last few years. About 40% of the remaining Arter & Hadden lawyers will band together to form Tucker Ellis & West, which will begin operations on July 16, 2003. The Recorder, 7/9/03

Downsizing and Expansion

IP firm Townsend and Townsend and Crew is opening a sixth office in San Diego. The firm plans on having eight attorneys fill the office by the end of the year. San Francisco Business Times, 6/7/03

Shaw Pittman is cutting out its emerging company and health care practices in its Los Angeles office, and eliminating 12 attorney positions in the process. The Los Angeles office will now focus on technology law. Legal Times, 6/7/03

Piper Rudnick is adding 25 attorneys to the 22 previous employees of its Reston office. This move will allow Piper to offer more services to their clients from this office. Legal Times, 7/7/03

Two partners from Akin Gump Strauss Hauer & Feld have joined with McGlinchey Stafford in opening a new Dallas office. The new partners will be joining the Consumer Financial Services group. Firm Press Release,7/1/03

Pillsbury Winthrop's newest office is expanding, adding six attorneys, including two partners from Wilson Elser Moskowitz Edelman & Dicker.. The Houston office, opened in January, will now have 24 attorneys. The Recorder, 7/10/03

Piper Rudnick has taken on three former partners of Solomon Zauderer Ellenhorn Frisher & Sharp. The partners will join the litigation department. Firm Press Release, 7/1/03

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