Buchanan Ingersoll Expands into Chicago, Enhancing IP Practice
Deal News | Jan 10, 2025 | EIN

In a strategic move to expand its presence and capabilities, Buchanan Ingersoll Rooney has added 17 lawyers to its team, marking the firm's entry into the Chicago market. This expansion follows the firm's recent acquisition of intellectual property boutique Ratner Prestia, aligning with the firm's growth strategy under the leadership of Jim Newell, who became chair and CEO in May. The new team was primarily sourced from Locke Lord, following the merger of Troutman Pepper and Locke Lord, which led to client conflicts. The addition of these litigators complements the patent prosecution expertise of Ratner Prestia, bolstering Buchanan's IP practice. Buchanan plans further expansion in key areas such as California, Texas, and enhancing its existing offices.
Sectors
- Legal Services
- Mergers and Acquisitions
Geography
- United States – The article discusses the expansion activities of Buchanan Ingersoll Rooney within the U.S., particularly in Chicago, New York, and mentions future plans in California and Texas.
Industry
- Legal Services – This article focuses on law firm expansion, acquisitions, and strategic moves within the legal services sector.
- Mergers and Acquisitions – The article discusses mergers, acquisitions, and the strategic growth of Buchanan Ingersoll Rooney in the legal industry.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Buchanan Ingersoll Rooney | Acquiring Company | Company | A Pittsburgh-based law firm expanding its presence with new hires in Chicago and existing acquisitions. |
Ratner Prestia | Target Company | Company | An intellectual property boutique acquired by Buchanan Ingersoll. |
Locke Lord | Selling Company | Company | A law firm from which Buchanan Ingersoll sourced 17 conflicted-out lawyers after its merger with Troutman Pepper. |
Troutman Pepper Locke | Merged Company | Company | A result of the merger between Troutman Pepper and Dallas-based Locke Lord. |
Jim Newell | CEO | Person | Chair and CEO of Buchanan Ingersoll Rooney, leading the firm's strategic expansion. |