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Law Firms

Miles & Stockbridge will merge with 30-lawyer firm

By Debra Cassens Weiss

November 14, 2024, 8:51 am CST

Miles & Stockbridge has announced that it will merge with 30-lawyer Krooth & Altman, a real estate law firm in Washington, D.C.

The combined firm will have more than 200 lawyers, according to a Nov. 12 press release and Law.com.

Krooth & Altman concentrates its practice on financing involving loans insured through the U.S. Department of Housing and Urban Development and loans processed through government-sponsored enterprises Fannie Mae and Freddie Mac.

“This highly specialized area completes Miles & Stockbridge’s real estate finance offerings,” said Miles & Stockbridge CEO Nancy W. Greene in the press release. “Our goal with this combination is to be better together.”

Miles & Stockbridge is No. 198 on the American Lawyer’s list of the nation’s top 200 firms based on gross income. It has offices in Maryland; Washington, D.C.; Virginia; and New York. The merger will take place by the end of the year.

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3. 2 BigLaw firms ‘fighting it out in the lateral…

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2 BigLaw firms ‘fighting it out in the lateral market’ vote to merge

By Debra Cassens Weiss

September 9, 2024, 3:32 pm CDT

Partners at Troutman Pepper Hamilton Sanders and Locke Lord have voted to merge effective Jan. 1, 2025.

The new law firm will be called Troutman Pepper Locke, according to press releases here and here and stories by Law.com, Law360 and Bloomberg Law.

The combined firm will have more than 1,600 lawyers in 33 U.S. offices and two European offices in London and Brussels.

The firm’s new chair will be Tom Cole, chair of Troutman Pepper. Troutman Pepper Locke’s current revenues would give it a No. 28 ranking in the Am Law 100 list of top-grossing firms, according to a fact sheet.

The firms confirmed merger talks in April. Partners approved the merger Sept. 5.

Legal consultant Kent Zimmermann of the Zeughauser Group told Law360 that he proposed the merger early this year in his role as an adviser at Troutman Pepper.

Both firms were “fighting it out in the lateral market” because they both focus on the same six industry sectors, Zimmermann said.

“I would call it the most strategic law firm recombination in recent memory,” he told Law360.

According to a press release, the firms share practice strengths in industries that include energy, financial services, health care and life sciences, insurance and reinsurance, private equity and real estate.