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Law firms are continuing to merge in Ohio in 2011 and it appears that mergers will continue to happen throughout the end of the year and into 2012. This comes as no surprise as hundreds of firms across the country have merged over the past three years due to the economy.
One of the primary reasons why these law firms in Ohio are choosing to merger is because it is a way to survive in such an economy. With the downward spiral of the economy within the past three years, many law firms all over the United States have been forced to merger as a means of survival. Law firms would rather merge with other firms instead of having to go out of business completely. A merger can make or break law firms and these mergers are happening very frequently.
One of the biggest law firms in Ohio, Taft Stettinius & Hollister made an announcement that it is merging with Chester Wilcox & Saxbe. The two firms will combine with one another on January 2, 2012 which means the two firms will start off the new year as one. After the two law firms combine with one another, the firm will consists of close to 350 lawyers. This firm has four separate offices in the Ohio area which means that the lawyers will be scattered within those offices.
Aside from this merger, the law firm, McKenna Long & Aldridge and Luce, Forward, Hamilto & Scripps may be combining together as one as well. The two firms have been talking about the possibility of a merger and while a decision has not yet been made, it is likely that these two law firms will combine with one another
The managing partner for Holme Roberts & Owen, Randall Miller, has also spoken out about mergers and has made comments about his conversations with law firms who would be interested in merging with this firm. Miller believes a merger would help this firm to grow and expand especially after dealing with turmoil in the past.
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Miller says that he has been receiving phone calls with inquiries about merging with the Holme Roberts & Owen firm. The law firm consists of over 150 attorneys and works primarily on cases that have to do with gas and oil. Miller claims that many other law firms have a major interest in merging with the firm which means there is a lot of thought that will need to go into which firm is chosen for the merger.
Some smaller law firms are also merging with firms as a way to expand in a time where many law firms have gone out of business due to the economy. Any law firm that seems to be suffering could benefit greatly from following the footsteps of other law firms and going ahead with a merger.
