Leonard Merger Creates 525-Attorney Law Firm
One of Minnesota’s five largest law firms is merging with a Kansas City, Missouri-based firm in a deal that will bring together about 525 attorneys and offices in 14 cities.
Minneapolis-based Leonard, Street and Deinard will merge with Stinson Morrison Hecker and begin operating as Stinson Leonard Street, LLP, on January 1. The new firm will have offices in Minneapolis; Mankato; St. Cloud; Kansas City, St. Louis, and Jefferson City, Missouri; Phoenix; Denver; Washington, D.C.; Decatur, Illinois; Wichita and Overland Park, Kansas; Omaha, Nebraska; and Bismarck, North Dakota.
Leonard’s president, Lowell Stortz, will serve as co-managing partner of the combined firm, sharing those duties with Mark Hinderks, Stinson’s current managing partner.
“We believe the timing is right to combine into a law firm that’s uniquely positioned to serve Fortune-ranked, midsize public and private and emerging companies in the Midwest and nationally,” Stortz said in a statement.
Leonard currently has 126 shareholders and 208 total attorneys. Stinson, meanwhile, has 201 partners and 321 total attorneys.
The deal was announced Monday and reported that morning in the Star Tribune. The announcement continues a merger trend that has become increasingly common in American legal circles in recent years as economic and strategic pressures have forced firms to find new growth opportunities, the Minneapolis newspaper reported. (The largest such merger in the Twin Cities was the combination of Minneapolis-based Faegre & Benson, LLP, and Indianapolis-based Baker & Daniels, LLP, which formed Faegre Baker Daniels.)
With about 525 attorneys, Stinson Leonard Street will rank third-largest among Twin Cities firms, behind Faegre Baker Daniels and Minneapolis-based Dorsey & Whitney, LLP, according to the Star Tribune. To learn more about the deal, read the full story here.