Minneapolis-based Faegre Baker Daniels to Merge with Philadelphia Law Firm
Faegre Baker Daniels announced Tuesday it will merge with Philadelphia-based Drinker Biddle & Reath.
Minneapolis will be one of the combined firm’s five largest offices along with Chicago, Indianapolis, Philadelphia, and Washington, D.C. The merger expands Faegre Baker Daniels’ East Coast presence beyond Washington D.C., and extends Drinker Biddle & Reath’s Midwest reach beyond Chicago.
The combined firm will consist of more than 1,300 attorneys and consultants in 22 offices across the U.S., China, and the United Kingdom. Its projected gross revenue is nearly $1 billion.
Both firms have transactional, regulatory, and litigation capabilities. Its corporate and business litigation teams will each have more than 200 attorneys, while its product liability and intellectual property teams will both number approximately 150 attorneys.
It’s the most recent merger in a long list of law firm mergers in recent years. Other recent mergers involving Minneapolis firms include:
- Lindquist & Vennum’s merger with Philadelphia-based Ballard Spahr
- Oppenheimer Wolff & Donnelly’s merger with Philadelphia-based Fox Rothschild
- Leonard, Street and Deinard’s merger with Kansas City-based Stinson Morrison Hecker
- Faegre & Benson’s merger with Indianapolis-based Baker & Daniels
- Briggs and Morgan’s merger with Midwest firm Taft Stettinius & Hollister LLP
- Gray Plant Mooty’s merger with Kansas City, Missouri-based Lathrop Gage
Faegre Baker Daniels will retain its advisory and advocacy division based in Washington, D.C. Drinker Biddle’s ancillary businesses—Tritura Information Governance and Innovative Health Strategies—will become part of the combined firm’s offerings.
The new firm will begin operations as Faegre Drinker Biddle & Reath (Faegre Drinker) on February 1, 2020.
The co-chairs of the firm will be Andy Kassner, Drinker Biddle’s chairman and CEO, and Tom Froehle, Faegre Baker Daniels’ managing partner and chair. In a news release, the executives characterized the merger as a combination of equals.
“Faegre Baker Daniels’ growth strategy has always focused on attracting and retaining top talent, and providing the counsel and collaboration required to help our clients meet their business objectives,” Froehle said in the release, noting that the merger will advance those objectives.
The firm’s executive leadership team will also include Faegre Baker Daniels partners David Barrett, Gina Kastel, and Jack Sperber, as well as Drinker Biddle partners Bill Connolly and Judy Reich. Jane Koehl, currently the chief operating officer for Drinker Biddle, will become COO of the combined firm.