Law firms of all sizes think bigger is better


The Atlanta Journal-Constitution
Published on: 06/26/08

One Atlanta law firm, Needle & Rosenberg, is a small boutique operation looking for a big brother to give it stability during trying financial times. The other, Troutman Sanders, is a large silk-stocking Atlanta firm looking to grow both outside the city and into other practices.

The two law firms recently have merged with out-of-town firms, representing both ends of a trend of legal merger mania.

BUSINESS
Latest Headlines:
More business news
Business photo galleries

Troutman Sanders, a 650-lawyer firm started in 1897, announced Wednesday that it is merging with Ross, Dixon & Bell, a Washington-based firm with 100 lawyers. The move expands Troutman's footprint to 15 cities and three continents.

It was the nation's fourth-largest legal merger this year, according to Altman Weil, a legal consulting firm. The Troutman deal is the 43rd merger so far this year, compared with 60 all of last year, Altman Weil said.

"The pace of mergers has exploded this quarter," said Altman Weil principal Bill Brennan. He said corporations keep consolidating and want to be represented by big law firms.

Robert W. Webb Jr., Troutman's managing partner since 1993, when the firm had 167 lawyers, said the move doubles its Washington office to 105 lawyers. It also gives the firm an entry into fields such as defending insurers in large environmental lawsuits or when directors and officers are sued, two of Ross Dixon's specialities.

"It's much more difficult to build a practice from the ground up," Webb said of the additions.

The smaller Atlanta firm merging — the 25-lawyer Needle & Rosenberg — is a patent and intellectual property firm where many of the lawyers are also scientists.

It will become the intellectual property branch and Atlanta satellite office of Ballard Spahr Andrews & Ingersoll, a 550-lawyer firm based in Philadelphia.

Two years ago, founding partner Bill Needle said he resisted mergers because he didn't want to lose the culture of the firm he spent 25 years building. But Wednesday, he said small firms increasingly have a hard time attracting large clients and paying the salaries of lawyers with scientific specialties.

"Ballard allows us to present a more stable front," said Needle, who will stay with the firm. "This allows us to keep together our people here, a tried-and-true culture."

Vote for this story!

Inside AJC.COM

Weekend Best Bets

Weekend Best Bets

Country singer Linda Davis, Snow Mountain, Reptile & Exotic Animal show and more!

Atlanta in the '70s

Atlanta in the '70s

A look at the decade when Atlanta and the people behind the city came of age.

Neighborhood Nosh

Neighborhood Nosh

After 12 years, everyone's favorite grilled hot dog is back: Barkers Red Hots.

Life without Smoltz

Life without Smoltz

Braves CEO ‘shocked’ by Smoltz’s decision to join the Boston Red Sox.

Best of Big A 2008

Best of Big A 2008

Check out more than 30 results for the best places to do things in Metro Atlanta.

Restaurant Review

Restaurant Review

Craving a Nutella milkshake with burnt marshmallows? Look at Flip Burger Boutique!

Movie Openings

Movie Openings

Morris Chestnut (right) stars in a movie based on T.D. Jakes' novel "Not Easily Broken."

2009 Home Trends

2009 Home Trends

Purple is 2009's "must have" color, while yellow is the new accent color for rooms.

High School Recruiting

High School Recruiting

Six recruiting "soap operas" to watch, including super-sized linebacker Jarvis Jones.

Search AJC Archives

1985 to present     1868 - 1939 Advanced search

Kudzu.com services Find the right people for the job

Keyword     Business Name

AJCPets » The community for Atlanta pet lovers

Do Good Search for non-profit causes near you