What's Happening?
Milwaukee-based law firm Michael Best has announced the acquisition of Denver-based Allen Vellone Wolf Helfrich & Factor P.C., effective October 1. This strategic move is part of Michael Best's growth strategy to expand its presence in high-growth markets. The acquisition will add 26 employees to Michael Best, including 7 partners, 8 attorneys, and 11 professional staff members, enhancing its expertise in litigation and bankruptcy law. The firm, which entered the Denver market in 2018, aims to strengthen its national platform and client service capabilities.
Why It's Important?
The acquisition signifies Michael Best's commitment to expanding its footprint in the U.S. legal market, particularly in Denver, a city known for its entrepreneurial ecosystem. By integrating Allen Vellone's team, Michael Best enhances its service offerings and strengthens its competitive position in the legal industry. This move could lead to increased business opportunities and client acquisition, benefiting both firms' clients through expanded resources and expertise. The legal industry may see more consolidations as firms seek to bolster their capabilities and market reach.
What's Next?
Following the acquisition, Michael Best plans to leverage the combined expertise of both firms to drive growth and innovation. The firm is likely to focus on integrating the new team and expanding its client base in Denver and beyond. Stakeholders, including clients and employees, may anticipate improved service delivery and access to a broader range of legal services. The acquisition could prompt other law firms to consider similar strategies to enhance their market presence.
