Mid-Law firms Ulmer & Berne LLP and Greensfelder Hemker & Gale PC have cast a favourable vote towards a merger of equals on Tuesday. This progressive merger will create a new entity, referred to as UB Greensfelder. The anticipated culmination of the merger in 2024 will result in the formation of a corporate entity with an impressive lineup of about 275 attorneys. Furthermore, the new partnership is forecasted to generate an excess of $150 million in total gross annual revenue.
Ulmer & Berne’s and Greensfelder Hemker & Gale’s decision to combine resources and expertise aligns with the overall corporate consolidation trend within the legal profession. This strategic move represents a prowess that aims to both strengthen their market presence and widen their legal service capabilities.
UB Greensfelder, endowed with combined strengths and resources, is likely to influence prevailing trends and dynamics within the global legal landscape. Its anticipated annual revenue projection indicates a potent competitive edge against rival firms in the marketplace.
Further details
about the merger unfold an intriguing narrative of unity, strategic actions, and prospective changes aimed at fortifying and expanding the firm’s service scopes.