National Law Journal Profiles “Super-regional” Stinson Leonard Street
In the 2015 NLJ 350, its annual survey of the nation’s largest law firms, the National Law Journal profiled the 2014 merger of Stinson Morrison Hecker and Leonard, Street and Deinard that created Stinson Leonard Street. The article analyzes the planning and execution of the merger and concludes that it is a “standout” among recent law firm combinations.
Unlike most recent deals, the merger was a marriage of financial equals and like-minded organizations. The two firms shared a compatible approach to finances, the practice of law, client acquisition and service, and areas of practice, all of which helped to ease integration.
As a result, revenue is up and the firm has added new practice groups, clients and attorneys. The result is a super-regional firm that can offer clients high-level knowledge and service at Midwest prices.
The driving force for the merger was not the ambition to gain national presence, but rather to retain and widen the client base, increase revenue and boost practice "depth and reach," said Mark Hinderks, co-managing partner of the firm.
Hinderks said it is possible that the firm could continue to add to its Midwestern footprint as long as doing so would provide more client value and service.