Kilpatrick Stockton is merging with a 22-lawyer Washington, D.C., firm known for its work with financial institutions.Paul Aguggia, the chairman of the smaller firm, Muldoon Murphy & Aguggia, will head Kilpatrick’s financial institutions team in Washington, D.C., according to a press release (PDF). The combined firm would be ranked seventh on a 2007 list of law firms handling M&A deals involving financial institutions, according to the release.Bill Dorris, co-managing partner of Kilpatrick Stockton, said in a statement that Muldoon Murphy is “a recognized leader in the marketplace for providing outstanding service to financial institutional clients across the country.”Kilpatrick Stockton has nearly 500 lawyers in nine offices. The merger was effective on May 7. … [Read more...] about Kilpatrick Stockton Merges with 22-Lawyer D.C. Firm
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Southern Firms Merge to Create 350-Lawyer Operation
Two southern law firms based in Birmingham, Ala., and Nashville, Tenn., announced today they would merge to create a 350-lawyer firm with offices in four “strategic” states.The merger of Bradley Arant Rose & White with Boult, Cummings, Conners & Berry is expected to be complete by Jan. 1, according to a news release (PDF). The new firm will be named Bradley Arant Boult Cummings and have offices in Alabama, Mississippi, North Carolina, and Tennessee, plus a presence in Washington, D.C.John B. “Beau” Grenier, who is managing partner of 250-lawyer Bradley Arant Rose & White, will lead the merged firm.“This merger brings together two strongly established firms that already share the same core values and similar cultures,” said Jay Hardcastle, managing partner of Boult, Cummings, Conner & Berry. “It will give us a much deeper bench that will benefit our clients immediately because we are expanding our areas of practice, industry … [Read more...] about Southern Firms Merge to Create 350-Lawyer Operation
Alston & Bird Merges with L.A. Firm, Opens Office With Akin Gump Lawyers
Rumors of a potential merger between Atlanta-based Alston & Bird and an 83-lawyer Los Angeles law firm have proven true.The 800-lawyer Alston & Bird announced today (PDF) its acquisition of Weston Benshoof Rochefort Rubalcava & MacCuish. At the same time, Alston said it is opening a 12-lawyer office in the Silicon Valley staffed by intellectual property lawyers from Akin Gump Strauss Hauer & Feld, including rainmaker Yitai Hu.Akin Gump lost Hu after it refused his request to allow him to stay permanently in his native Taiwan. Previously he had split his time between offices in that country and in California.Weston Benshoof has highly regarded land-use and environmental practices that will complement Alston’s energy-infrastructure and sustainability practices, according to a press release. Alston & Bird managing partner Richard Hays also praised Weston Benshoof’s “talented and deep litigation department” in the press release.The Akin Gump … [Read more...] about Alston & Bird Merges with L.A. Firm, Opens Office With Akin Gump Lawyers
LA Firm Merges with Bingham McCutchen
Bingham McCutchen is beefing up its Los Angeles litigation practice by combining with Alschuler Grossman, a 40-lawyer litigation boutique.The merger is Bingham’s eighth since 1997, a press release (PDF) says. Alschuler Grossman has experience in business disputes, securities class actions and accountant liability cases.In 1999, Alschuler, obtained a defense jury verdict for Arthur Andersen in a $1.3 billion class action securities lawsuit filed in Arizona state court. A hat tip to the Wall Street Journal’s Law Blog, which posted the news. … [Read more...] about LA Firm Merges with Bingham McCutchen
What the Kraft and Heinz Merger Teaches Us About Protecting American Jobs
While some public figures paint horror stories of how immigrants steal American jobs, subtler, but yet powerful forces leave thousands of American employees jobless. These forces are corporate restructuring and downsizing. And the 2015 merger of two iconic brands — Kraft and Heinz — is a good example of this phenomenon. The two companies announced their merger in March 2015 backed by two affluent groups of investors: for Heinz, Warren Buffett's Berkshire Hathaway, and for Kraft, Brazilian venture capital fund 3G Capital. With an estimated $10 billion from these investors, the merger was supposed to generate significant synergies in what would become the fifth largest food and beverage company in the world.But in reality, "synergy" was just a euphemism for "severe cost cutting." As was the case with other past acquisitions, 3G Capital's modus operandi was to introduce aggressive cost reduction policies as a way to improve profitability. The core of these policies was … [Read more...] about What the Kraft and Heinz Merger Teaches Us About Protecting American Jobs