Bingham Dana Acquires New York's Richards & O'Neil; Combined New York Office Expands to More Than 125 Lawyers.Business Editors NEW YORK--(BUSINESS WIRE)--May 2, 2001 Bingham Dana LLP LLP - Lower Layer Protocol , an international law firm with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Boston, Washington, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Hartford, London and Singapore has acquired Richards & O'Neil LLP, a 75-lawyer New York firm. The combined New York office has more than 125 lawyers, bringing Bingham Dana's total number of lawyers to approximately 500. The acquisition became effective yesterday. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jay S. Zimmerman, Bingham Dana's Managing Partner, the acquisition makes sense for a number of reasons. "Richards & O'Neil is one of the best mid-sized firms in New York, with a sophisticated corporate transactional practice," Zimmerman said. "Their corporate, real estate, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and Asian practice groups fit exceptionally well with our existing practice areas." Zimmerman pointed out that this acquisition is the next significant step in implementing Bingham Dana's strategy of growing its New York presence. "We already have one of the premiere financial restructuring practices in the country. And we've built up several other practice areas in New York including finance, project finance, private equity and technology. In addition, by combining our real estate practices in Boston, Hartford and Washington with Richards & O'Neil's New York real estate practice, we will have unparalleled strength throughout the Northeast corridor This article is about a rail line. For the agglomeration of metropolitan areas, see BosWash. For the New Jersey Transit line, see Northeast Corridor Line. The Northeast Corridor (NEC ." "Another excellent fit is litigation," Zimmerman continued. "We have always had a strong and comprehensive litigation practice. Richards & O'Neil's litigation practice will complement and enhance that practice. And finally, we expect significant synergies with our Asian practices. To sum it up, New York is extremely important to us, and we think that the acquisition of Richards & O'Neil creates a tremendously strong platform for Bingham Dana's future growth in New York." Background Notes: 1. Over the past six years Bingham Dana has more than doubled in size, going from less than 200 lawyers in 1995 to approximately 500 lawyers. 2. In 1995, Bingham Dana had 20 lawyers in three offices outside of Boston; now there are 225 lawyers in six offices outside of Boston. 3. In 1997, Bingham Dana acquired the Japanese practice of Marks & Murase, one of the country's leading Japanese law Japanese law Law as it has developed in Japan as a consequence of the combination of two cultural and legal traditions, one indigenous Japanese, the other Western. In the 8th century Japan borrowed and adapted the legal system of the Chinese Tang dynasty. practices, which provided the firm with offices in New York and Los Angeles. 4. In 1999, Bingham Dana acquired 55-lawyer Hebb & Gitlin, a firm known for its premiere position in financial restructuring and insolvency. The firm then opened an office in Singapore. 5. Also in 1999, Bingham Dana established two non-legal businesses: Bingham Consulting Group is headed by former New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). Governor Stephen E. Merrill, and provides national, international and state-by-state strategic consulting services in the areas of governmental relations, financial services, telecommunications, energy and healthcare. Bingham Legg Advisers is a joint venture with Legg Mason, one of the country's leading investment firms with more than $90 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . This venture marks the first time that a major law firm has partnered with a global investment firm to offer a full range of investment and trust administration services to high net-worth individuals. 6. In March 2001, Bingham Dana established its third non-legal business, Bingham Strategic Advisors, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. that provides strategic financial and other business advice on mergers & acquisitions, joint ventures and business restructurings. |
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