Holme Roberts Reportedly in Discussions with Bryan Cave
Posted Nov 28, 2011 7:36 AM CDT
By Debra Cassens Weiss
Denver-based Holme Roberts & Owen is reportedly discussing a potential acquisition by Bryan Cave.
The Daily Journal (sub. req.) quotes unidentified sources who say the 170-lawyer Holme Roberts is in talks with the larger 1,000-lawyer firm. Spokespersons from both firms refused to confirm the talks. But Emily Yukich, a partner in Holme Roberts’ Los Angeles office, told the publication she couldn’t comment because her firm is still in discussions with other firms.
Holme Roberts cut its administrative staffing by about 10 percent to 15 percent early this year and lost 29 lawyers in its Salt Lake City office to Holland & Hart in May. In July, managing partner Randall Miller vowed to reverse the downsizing trend. According to the Daily Journal, the firm’s finances improved in November when its lawyers won a $22.6 million breach-of-contract verdict for Union Pacific Railroad in California.
"Having regional rates while having a larger and more robust practice is always a goal of ours," Miller told the Daily Journal. "We have never had a particular time frame in mind [to broker a merger or acquisition]. But the sooner we do, the happier we'll be."