Fox Rothschild To Acquire Minneapolis FirmDecember 14, 2015 – In The News
Mark L. Silow and Brad Keil were featured in The Legal Intelligencer article, “Fox Rothschild To Acquire Minneapolis Firm.” Full text can be found in the December 14, 2015, issue, but a synopsis is below.
Fox Rothschild has announced its planned merger with Oppenheimer Wolff & Donnelly, a Minneapolis-based firm, which will grow the firm's head count more than 10 percent to over 700 attorneys.
The deal is Fox Rothschild's largest-ever merger in terms of head count, revenue and anticipated revenue, firmwide managing partner Mark L. Silow said.
"In the past year or two we've been focusing more on the central part of the country," Silow said. "First we were looking for other metropolitan areas in which to grow and Minneapolis had been high on our list for some time."
Silow said Oppenheimer brings a "tremendous" medical technology practice as well as executive compensation work. Fox Rothschild, he said, offers Oppenheimer some added capabilities it was seeking in intellectual property, labor and employment, and some tax areas, as well as a national platform.
"The footprint is obviously intriguing and interesting to us," Oppenheimer managing partner Brad Keil said, adding that the two firms' core practices align well. "Fox gives us much more depth in some of our specialty areas."
Silow said the two firms have similar economic profiles, particularly in terms of revenue per lawyer and billing rates. He said that helped facilitate the merger.
"We think that [the merger] will continue a pretty consistent pattern we've established over the past 10 years of both growing our top line and our bottom line," he said. Both boards have approved the deal, Silow said.