Buchanan Ingersoll Expands into Chicago, Enhancing IP Practice

Deal News | Jan 10, 2025 | EIN

Buchanan Ingersoll Expands into Chicago, Enhancing IP Practice

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

    NameRoleTypeDescription
    Buchanan Ingersoll RooneyAcquiring CompanyCompanyA Pittsburgh-based law firm expanding its presence with new hires in Chicago and existing acquisitions.
    Ratner PrestiaTarget CompanyCompanyAn intellectual property boutique acquired by Buchanan Ingersoll.
    Locke LordSelling CompanyCompanyA law firm from which Buchanan Ingersoll sourced 17 conflicted-out lawyers after its merger with Troutman Pepper.
    Troutman Pepper LockeMerged CompanyCompanyA result of the merger between Troutman Pepper and Dallas-based Locke Lord.
    Jim NewellCEOPersonChair and CEO of Buchanan Ingersoll Rooney, leading the firm's strategic expansion.