Ballard Spahr announces planned merger with Lindquist & Vennum
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Philadelphia-based Ballard Spahr has agreed to merge with Lindquist & Vennum, a Minneapolis-based law firm with more than 150 lawyers, effective Jan. 1.
Lindquist & Vennum is recognized as a leader in middle-market dealmaking, and the merger enhances Ballard Spahr’s capabilities in private equity and strategic M&A transactions, according to the merger announcement.
The merger announcement came as another Philadelphia-based law firm, Saul Ewing, announced it had completed its merger with Arnstein & Lehr of Chicago.
Kent Zimmermann, a consultant with the Zeughauser Group, told Bloomberg that the year could produce a record number of law firm mergers. The Ballard Spahr merger fits “into a larger trend of consolidation in the legal industry, which is accelerating,” he said.