Two law firms that specialize in financial institutions based in Washington D.C. have announced their intent to merge, effective Jan. 1, 2014, and will be operating as Silver, Freedman, Taff & Tiernan, The Washington Post reported Dec. 9.
Catherine Ho writes that the merger between Silver, Freedman & Taff and Elias, Matz, Tiernan & Herrick will result in a total of 26 lawyers, “issuers and underwriters in more than 1,000 securities offerings raising more than $40 billion, and buyers and sellers in 800 mergers and acquisitions worth $50 billion.”
“We are acutely aware of the needs of our bank and credit union clients, the regulatory environment they face and the strategic paths available to accomplish their goals,” said Bob Freedman, senior partner at Silver, Freedman & Taff.
The Post notes that law firm mergers were up this year. In total, there were 58 reported mergers in the first nine months of 2013 which is a 41 percent increase over the same period last year.