Adams and Reese attorneys strike out

Formation of boutique unwinds 2001 deal; firm will open next to Adams and Reese July 1

Three partners are leaving Adams and Reese to launch their own tax firm – but they’re not going very far.

Richard Holton, William Blackstone and Brian Mayberry will open the doors to their new venture – whose name is still undecided – on July 1. The new firm will operate out of office space adjacent to Adams and Reese’s offices in the Fifth Third Center downtown.

The move essentially unwinds a 2001 merger of a boutique firm where Holton and Blackstone were partners with was then Stokes Bartholomew Evans & Petree. Stokes in turn merged with Adams and Reese, which runs eight other offices from Louisiana to Washington, D.C., in 2005.

“We have enjoyed our association with Adams and Reese,” said Holton, who will lead the group. “We look forward to a close working relationship with our friends there in the future.”

"Rick, Billy and Brian have provided great service to our clients, and we plan to maintain a strategic relationship between our two firms going forward." says Cindy Barnett, partner in charge of the firm’s Nashville office.

The departure of Holton, Blackstone and Mayberry is the second such recent move. Last week, two Boult attorneys said they had left the firm and will join this summer with a former member to start their own firm.