Ulmer & Berne and Greensfelder Hemker & Gale announced Tuesday that they are merging effective Feb. 1, a combination that will produce a “super-regional firm” with about 275 lawyers in nine offices.
Before Stroock & Stroock & Lavan announced plans to dissolve “at the appropriate time,” the law firm appeared to be readying for an "orderly dissolution" that does not put partners at risk.
Updated: Partners at Stroock & Stroock & Lavan have authorized a dissolution of the law firm “at the appropriate time,” according to an internal firm email obtained by Law.com.
Pillsbury Winthrop Shaw Pittman confirmed Thursday that it is discussing a possible merger with Stroock & Stroock & Lavan after the latter law firm failed to reach a merger deal with Nixon Peabody.
Law firms in the United States continue to face some financial challenges after drops in demand and productivity in the first six months of 2023, according to a new report from Wells Fargo’s Legal Specialty Group.
According to two New York partners, the increase started with the #MeToo movement in 2017, when an article was published about former film producer Harvey Weinstein.
Stroock & Stroock & Lavan has said it continues to talk with other law firms about a possible merger after 27 of its lawyers left for Steptoe & Johnson.
A merger isn’t out of the question for Stroock & Stroock & Lavan, even though it has ended talks about the possibility with Nixon Peabody. “Our discussions with Nixon Peabody were never exclusive,” Stoock announced in a statement.
Demand for legal services is down slightly, while lawyer head count is increasing—a combination that is resulting in a decline in average billable hours, according to a survey of BigLaw firms by Wells Fargo’s Legal Specialty Group.
Legal technology companies vLex and Fastcase say their newly announced merger will hasten the development of legal artificial intelligence tools through a global law library that draws on more than 1 billion legal documents.
