Law firm Eraclides Gelman Hall Indek Goodman & Waters, which runs 10 offices in Florida and Georgia, has recruited Allen Callison to open its first outpost in Tennessee. Callison, who was formerly with Morgan & Akins, has set up shop on Poston Avenue in West End and is being supported by two Eraclides attorneys in Atlanta. Eraclides specializes in workers' compensation defense and also handles other liability cases and Medicare compliance work.
Reuters reported Friday that national law firm Pillsbury Winthrop Shaw Pittman, which last year moved its operations center to downtown's AT&T Building, is in merger discussions with San Francisco-based Orrick Herrington & Sutcliffe to create the nation's ninth-largest firm. A combination of the two firms — which one industry consultant calls a potential blockbuster — would be the biggest deal in what has been a very active year for M&A in the legal sector.
The mergers have been driven both by the globalization of corporate clients that increasingly face complex national and international legal issues and by sluggish demand for legal services, leading firms to try and boost revenue by joining forces, legal experts said. At the same time, many large law firms in California have grown outside the state through mergers and acquisitions and by picking up partners as legal work has migrated to other parts of the country, according to legal experts.
It's been almost two years since major law firm Pillsbury Winthrop Shaw Pittman said it planned to open a Nashville support center to house about 150 people as part of efforts to cut its costs. But that hasn't been enough and the firm's leaders last week told 35 people they no longer have jobs. The cuts come four years after Pillsbury laid off 55 attorneys and 100 support staff, but the Journal's Law Blog says they don't affect the local office.