Midwest law firms Ulmer & Berne and Greensfelder, Hemker & Gale have announced their plans to merge, forming a “super-regional” powerhouse with a combined total of 275 lawyers. The merger, set to take effect on February 1, 2023, aims to create a formidable entity known as UB Greensfelder.
The new firm will be a fusion of the St. Louis-based Greensfelder, boasting 135 lawyers, and the Cleveland-based Ulmer & Berne, contributing 140 legal professionals to the collaboration. According to a joint statement released on Tuesday, the merger is expected to position UB Greensfelder as a major player in the legal landscape, with more than $150 million in combined gross annual revenue. This financial standing is anticipated to secure a spot among the top 200 U.S. law firms by gross revenue, as ranked by the American Lawyer.
Scott Kadish, Ulmer’s managing partner, highlighted the strategic importance of the merger, stating, “A significant factor in moving forward with this combination was the prospect of an Am Law 200 profile and a broader platform.” Kadish emphasized that this expanded platform will play a crucial role in attracting, recruiting, and retaining high-performing and diverse lawyers.
The decision to merge comes amid a trend of industry consolidation that has gained momentum in 2023. Several significant U.S. law firm mergers have been announced or completed this year, demonstrating a commitment to growth and adaptability in a rapidly changing legal landscape. Notable among these is the planned merger between Shearman & Sterling and Allen & Overy, as well as strategic alliances between Maynard Cooper & Gale and Nexsen Pruet, and Holland & Knight and Waller Lansden Dortch & Davis.
UB Greensfelder’s formation is expected to fortify its position as a key player in the legal sector, with a diverse and talented team poised to offer comprehensive legal services across the Midwest and beyond. The merger’s official commencement on February 1 marks the beginning of a new chapter for both Ulmer & Berne and Greensfelder, Hemker & Gale, solidifying their commitment to excellence and client service in an ever-evolving legal landscape.
Source: Reuters
Featured News
Subscribers Defend $4.7 Billion Antitrust Verdict Against NFL in Court Filings
Jul 19, 2024 by
CPI
Von der Leyen Calls for Competition Policy to Boost EU Companies’ Growth
Jul 19, 2024 by
CPI
Vermont AG Sues Pharmacy Benefit Managers Over Drug Prices
Jul 18, 2024 by
CPI
Australians Face Increased Stamp Prices Following ACCC Approval
Jul 18, 2024 by
CPI
Live Nation Seeks Dismissal of DOJ Antitrust Allegations
Jul 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI