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News
Harris Shelton Hanover Walsh merges historic Memphis law firms
Hanover Walsh Jalenak & Blair and Harris, Shelton, Dunlap, Cobb & Ryder --
two of Memphis's oldest law firms with more than 130 years of experience
between them -- are merging Jan. 1.
While both firms have resisted mergers throughout their histories, partners
said this combination made sense.
Both companies have similar cultures and values and emphasize individual
relationships between lawyer and client over a corporate culture, partner
James Jalenak said.
"These are two firms that saw a way of continuing their practice without
compromising their level of service or their values."
The new entity, Harris Shelton Hanover Walsh PLLC, will have 44 lawyers and
will continue the two firms' varied areas of practice, which include a
general civil and criminal practice in all courts, general corporate and
business practice, hospital and health care, bankruptcy, municipal, labor
and environmental law.
Hanover Walsh, the older and smaller of the two, was founded in 1914 by Joe
Hanover, a member of the state House of Representatives who was pivotal in
the woman's suffrage movement.
Now at 14 lawyers, the group has specialized in areas that range from labor
unions to pension plans, while still retaining some of its general services'
beginning.
Harris, Shelton was formed in 1956 by Walter Chandler, the former mayor and
U.S. congressman. Now with 30 lawyers, the firm has a variety of specialties
including health care and bankruptcy.
With such rich histories, lawyers on both sides were apprehensive at first,
said John Harris Jr., the managing partner of the combined firm.
"But we realized it made sense," he said. "In fact, we thought it was too
good of an opportunity to pass up."
Longtime clients of both firms said they plan to continue their business
relationships with the new Harris Shelton Hanover Walsh and did not expect
much to change other than the business cards.
"As far as I am concerned, it won't make any difference," said Thomas
Farnsworth III of Farnsworth Investment Co., which has used Hanover Walsh
since the mid-1980s for its industrial real estate business.
"The phone number may change, but I imagine I'll be using the exact same
people I always have, supplemented with team members and people from the new
firm."
Gregory Duckett, senior vice president and corporate counsel of Baptist
Memorial Health Care Corp., said he sees the merger as serving only to
enhance the group's overall abilities.
Baptist has used Harris Shelton Hanover Walsh, PLLC for more than 30
years for work ranging from bonding to corporate health care development.
"Specifically I think it's following the trends you see in other law firms
where they are consolidating to be able to offer a full spectrum of services
to their clients and not just being a niche, boutique law firm," Duckett
said.
These type mergers do remain common in the industry, although they certainly
are not at the dizzying levels of the 1980s and 1990s, said Joel Rose, a New
Jersey-based law firm consultant.
Mostly what goes on now are hires to fill areas of coverage, Rose said.
But often two well-established firms will merge to remain competitive with
others trying to encroach on local business or because senior members are
looking to cut back on their case load.
With Harris Shelton Hanover Walsh, the reason is the most common: The
combined firm will be able to provide clients a wider base of coverage than
either was providing on its own.
-- Maria Burnham: 529-2320
Copyright 2004,
commercialappeal.com - Memphis, TN. All Rights Reserved.
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