The new yr is obtaining off to a good start out as considerably as regulation agency mixtures are involved. Competition is obtaining fierce in the Southeast, and there’s no much better way to corner the sector than to fulfill the urge to merge — and turn out to be an Am Law 200 organization in the process.
Alabama-primarily based Maynard Cooper & Gale and Carolinas-centered Nexsen Pruet introduced now that they’d be merging to create a 550-law firm agency, successful April 1. The successor agency, Maynard Nexsen, will be just one of the largest corporations in the Southeastern part of the state, with legal professionals stationed across places of work in Alabama, Florida, Georgia, the Carolinas, and Tennessee. Not to be overlooked are the firm’s attorneys in California, New York, Washington, D.C., Texas, and Iowa, for a complete of 23 places of work in all.
According to the American Lawyer, the merger involving Maynard Cooper and Nexsen Pruet is likely to catapult Maynard Nexsen into the Am Legislation 200 based mostly on the firm’s financials. (Nexsen Pruet before reported that last yr, the firm’s revenue was in the $110 million to $115 million vary, and the merged firm’s earnings will “probably be about $300 million,” for every its managing shareholder.) Here’s what the upcoming leaders of the merged agency explained in a press launch:
“Maynard Nexsen is a merger of two flourishing corporations that share the identical tradition, vision, and commitment to excellence,” explained Jeff Grantham, CEO and Taking care of Shareholder. “With deep interactions and decades of expertise in our respective markets, the companies fit together in a way that positions Maynard Nexsen for accelerated expansion and collective results. Our freshly mixed agency will build on our common culture of consumer-centered assistance, collaborative teamwork, and entrepreneurial spirit. At about 550 attorneys solid, Maynard Nexsen will elevate our support and value proposition for our customers by larger capabilities, expanded geographical attain, and further bench toughness that will allow for us to deal with any matter.”
“This is an very remarkable new chapter of expansion as we come jointly as a single,” explained Leighton Lord, President and Main Approach Officer. “Maynard Nexsen is the result of two corporations that share a consumer-centered society and motivation to ongoing growth and evolution. Collectively, we are a effective nationwide force – broadening our abilities and services to customers. I am honored to do the job alongside one another with Jeff Grantham and unite our gifted groups.”
Congratulations to all people at Maynard Nexsen on this exciting new enterprise.
Staci Zaretsky is a senior editor at Above the Legislation, where she’s labored because 2011. She’d really like to listen to from you, so remember to truly feel cost-free to e-mail her with any guidelines, inquiries, opinions, or critiques. You can follow her on Twitter or hook up with her on LinkedIn.