Barnes & Thornburg welcomes new managing partner, Detherage
Andrew Detherage began his tenure Wednesday as the new managing partner of Barnes & Thornburg, succeeding Robert Grand, who has led the AmLaw 200 firm since 2014.
Andrew Detherage began his tenure Wednesday as the new managing partner of Barnes & Thornburg, succeeding Robert Grand, who has led the AmLaw 200 firm since 2014.
SmithAmundsen, which has an office in Indianapolis, is expanding its capacity by entering into its first combination with an entire law firm, which will place the new entity among the largest 200 law firms in the U.S.
One thing that won’t change in 2023 is the focus on law firm revenue.
Chicago-based law firm SmithAmundsen LLC, which has a large presence in Indianapolis, is merging with Wisconsin-based Davis|Kuelthau. The combined firm will operate as Amundsen Davis LLC with 230 attorneys and 12 offices throughout the Midwest.
With the opening of two new offices on the East Coast, Barnes & Thornburg followed its plan put into place in 2009 to grow strategically by picking locations and lawyers that enhance the law firm’s reputation and expertise.
September began with two law firms that have offices in Indiana announcing they were expanding into new markets, providing another indication of the legal industry’s increasing appetite and pressure to get bigger.
Taft Stettinius & Hollister’s entrance into the Detroit market is another step toward the firm’s goal, adopted more than a decade ago, of becoming a “dominant middle-market regional law firm.”
Dentons has officially established an office in Portland, Maine, expanding the global law firm’s reach in the United States.
Indianapolis-based Barnes & Thornburg LLP is growing its complex litigation and life sciences practices with the openings of new offices in Philadelphia and Morristown, New Jersey, marking the firm’s latest expansion on the East Coast.
Taft Stettinius & Hollister is expanding into the Michigan market through the merger announced today with Jaffe Raitt Heuer & Weiss, the seventh-largest law firm in Detroit.
Multiple small and solo firm attorneys told Indiana Lawyer they aren’t yet panicking over current inflation, have not heard any major concerns about billing from their clients or fellow colleagues, and believe the lessons learned from COVID-19 will help them meet future economic challenges.
Legal aid agencies across the state are struggling to find and hire attorneys to fill full-time staff positions. Providers speculate that lower bar passage rates and high demand for lawyers across the legal profession have created a supply issue.
If John Stanley and his team of roughly 400 do their jobs correctly, no one will notice. Stanley oversees a wide range of behind-the-scenes activities at Faegre Drinker Biddle & Reath LLP that attorneys and their clients might not pay much attention to unless whatever object or service they want is missing or malfunctioning. Across 21 global offices, he and his team handle such matters as operations administration, real estate, travel, hospitality and research and information.
For years, Katz Korin Cunningham turned down invitations from larger firms to discuss merging, saying it was happiest being independent. But in Stoll Keenon Ogden, it found a like-minded partner that had also spurned combination offers and took pride in being self-made.
In 2021, the hiring of lateral associates skyrocketed 148.5%, the largest year-over-year increase recorded, according to NALP. Likewise, Thomson Reuters warned that by November 2021, law firms were “edging dangerously close” to seeing almost a quarter of their associates leave. However, while firms have raised associate compensation to lure talent, many new lawyers are not as interested in big salaries as previous generations of new attorneys.
The daily grind of small firm management ranges from routine to immensely stressful. By returning to bigger picture ideas, I constantly find the practice of law both challenging and rewarding.
Trisha Dudlo wants to have frank discussions. The 37-year-old is the new managing partner of Denton Bingham Greenebaum’s Evansville office and the first woman of color to hold that leadership position. Named the office chief in April, Dudlo is stepping into her role at the same time as she sees the legal profession rebuilding from the upheaval created by the pandemic and consequently having to do things “alarmingly different.”
How to choose the right clients as a solo practice or small firm? This is the million-dollar question. If every law firm owner could answer this question perfectly, every attorney would be a million-dollar partner at a law firm. Not choosing the right clients could be No. 1 at destroying your practice or firm. Surprisingly, the topic, “How to choose the right clients” is a discussion that is uncommon among lawyers.
Roughly half of all small firms reported in Thomson Reuters’ 2021 State of U.S. Small Law Firms study that they endured a moderate or significant struggle in getting paid by clients over the last two years. Many also expressed concerns about acquiring new business. But those firms that created a concentrated approach to addressing their payment challenges saw quick, positive results.
Owning a business can be richly rewarding. Law firm owners can define the scope of their practice, pick a target market, set their own hours and enjoy the creativity involved in implementing a corporate vision. With technological advancements and a move to web-based work and communication in recent years, starting a law firm has become increasingly accessible for attorneys seeking the unique benefits of small business ownership.