John Langan ()
Two upstate New York law firms merged Monday, creating the largest firm in the state not based in New York City.
Hiscock & Barclay and Damon Morey announced they have combined to establish Barclay Damon, a 275-attorney firm with its largest offices in Buffalo and Syracuse, and additional offices in Toronto, New Jersey, Boston, New York City and Washington, D.C. The firm will have about 260 attorneys in New York.
“There are 70 equity partners in the new firm,” John Langan, the merged firm’s managing partner, said, adding that six equity partners from the two firms declined to join the new entity.
“We are now a large regional firm able to compete with the nationals,” he added.
The firm will place among the top 25 in the state in size, outranking Bond, Schoeneck & King, which had 211 attorneys as of the end of last year.
“Our two fastest growing practice areas are energy, particularly natural gas pipeline projects, and intellectual property,” Langan said.
“We feel we can deliver national firm product with regional firm prices,” he said. “Our partner billing rates are in the $285-to-$400-an-hour range, and associates average $180 to $250. That’s about half what a Boston firm would charge.”
Langan, who was managing partner at Hiscock & Barclay, said that firm had not had layoffs as a result of the 2008 recession, and since 2010 has surpassed pre-recession revenue per partner levels.
There were 29 law firm mergers announced in the United States in the first quarter of 2015, according to Altman Weil, a legal consulting firm.
The largest merger so far was the April combination of 6,200-lawyer global firm, Dentons, with Atlanta-based McKenna Long & Aldridge’s 422 lawyers.