Home

Bryan Cave and Holme Roberts said to be in Merger Talks
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

merger

According to reports made by the St. Louis Business Journal in Los Angeles. Bryan Cave and Denver-based Holme Roberts & Owen are said to be engaged in discussions about a potential tie-up.

Representatives from both of the firms refused to comment on the possible merger talks when contacted Monday by the Am Law Daily. But earlier this month, Holme Roberts’ managing partner Randall Miller acknowledged hat his firm was having conversations with potential suitors. The Am Law Daily also previously reported on Miller’s effort to restructure Holme Roberts following a series of high-profile partner defections and staff layouts.

  
What
Where


Miller, who took over the leadership of Holme Roberts in the month of May, told the Daily Journal that his 175-lawyer firm was eager to bolster its national profile.

”Having regional rates while having a larger and more robust practice is always a goal of ours.” Miller told the papers. ”We have never had a particular time frame in mind [to broker a merger or acquisition]. But the sooner we do, the happier we’ll be.”

Also, when he was asked about the report on Monday, Miller had said that, ”we don’t comment on speculation.”
Holme Roberts received a boost when the firm won a $22.6 million breach-of-contract verdict earlier this month for Union Pacific Railroad in state court in California, the Daily Journal reports. According to the most recent Am Law 200 financial data, Holme Robets had gross revenues of $104 million and profits per partner of $380,000. Meanwhile, Bryan Cave saw its gross revenue fell almost 3 percent in 2010 to $539.5 million, while the profits rose 14.6 percent to $705,000.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Bryan Cave, who is a 900-lawyer firm with roots in St. Louis, merged with New York’s Robinson Silverman Pearce Aronsohn & Berman in 2002 and Atlanta-based Powell Goldstein in 2008. According to the annual head count data compiled by sibling publication The National Law Journal, the combined firm has trimmed almost 100 lawyers from its ranks in the past year.

The ABA Journal item quoted an article in The Daily Journal, which is a California-based legal publication, which cited unidentified ”sources working closely with both of the firms.” Unfortunately, the Daily Journal article didn’t say anything about when the deal was expected to close.



The firm went through reconstructing earlier this year that included administrative staff cuts of about 10-15 percent of its full-time equivalent staffing. HRO also lost 29 of its attorneys in its Salt Lake City office to Denver-based Holland & Hart in May.

Whether this merger talks are true or not, though it’s probably true because of all the talk that has been going around, things could only make the company better. This merger would definitely benefit everyone that is involved.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Corporate, Mergers and Acquisitions and Securities Associate Attorney

USA-NY-New York City

New York City office of our client seeks corporate, mergers and acquisitions and securities associat...

Apply Now

Business Litigation Attorney

USA-CA-Santa Monica

Santa Monica office of our client seeks business litigation attorney with 1-3 years of experience. T...

Apply Now

Intellectual Property Litigation / Enforcement Associate Attorney

USA-CA-San Francisco

San Francisco office of our client seeks intellectual property litigation / enforcement associate at...

Apply Now

Mid-level Construction Associate Attorney

USA-DC-Washington

Washington, D.C. office of our client seeks mid-level construction associate attorney with 3-4 years...

Apply Now

RELEVANT JOBS

Litigation (General and/or Family Law) Attorney

USA-IL-Salem

Hunter Law Firm, P.C., presently a 3-attorney general practice firm located in Salem, Mari...

Apply now

Senior Associate- New York, NY

USA-NY-New York City

Small, collegial firm, with focus on ERISA and union side labor law, has opportunity with growth pot...

Apply now

Vice President and General Counsel

USA-NY-Long Island City

VICE PRESIDENT AND GENERAL COUNSEL CLASS CODE: SC103 SALARY RANGE: $119,387.00 - $220,397.00 ...

Apply now

Paralegal

USA-MA-Springfield

Commercial real estate paralegal. Prepare documents for commercial real estate transactions.  G...

Apply now

SEARCH IN ARCHIVE

To Top