Law Firm Merger Activity Still Going Strong

Financial Institutions Boutique Law Firms Merge

Merge via thevarguy.com

Merge via thevarguy.com

As we are dedicated to both individual professional and law firm growth, and are working with  boutique and mid-sized firms in strategizing their next steps in group and partner recruiting, I am always pleased when I read news like the following as reported by Elizabeth Amon at Bloomberg:

Financial institutions boutique law firms Silver, Freedman& Taff LLP and Elias, Matz, Tiernan & Herrick LLP plan to merge Jan. 1, creating a firm called Silver, Freedman, Taff & Tiernan.

The combined firm will have acted as counsel to issuers and underwriters in more than 1,000 securities offerings raising more than $40 billion, according to a statement. Together, they will have acted as counsel for buyers and sellers in more than 800 mergers and acquisitions valued at a total of more than $50 billion, the firms said.

“With this combination, we have assembled under one roof the leading attorneys in our industry,” Bob Freedman, senior partner of Silver Freedman, said in a statement. “We are acutely aware of the needs of our bank and credit union clients, the regulatory environment they face and the strategic paths available to accomplish their goals.”

Silver Freeman has 15 lawyers, according to its website. Elias Matz has 11 lawyers, according to its website. Both were founded more than 40 years ago.

“Through the combining of our firms, we gain additional depth in not only our securities and regulatory practice, but also in our ability to help structure transactions with startup and private-equity firms, assist management in the establishment of employee benefit and compensation programs, develop and implement corporate defense planning and tactics, and provide real estate, litigation support and tax planning advisory services,” Ray Tiernan, managing partner of Elias, Matz, said in a statement.

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