The merger between Buchanan Ingersoll and Klett Rooney Lieber & Schorling has proved to be profitable, as Buchanan Ingersoll & Rooney shows a 40 percent increase in gross revenue during 2006 compared with Buchanan Ingersoll’s pre-merger numbers in 2005. The firms merged in July of 2006, increasing revenues to $271.3 million from $193.7 million in 2005. Part of the increase can be attributed to the spike in numbers – from 385 to 505 attorneys. Though the merger was the main contributor to the growth, the firm also experienced growth in certain practice areas such as intellectual property, corporate finance, and complex litigation.
Source: www.law.com