Armstrong Teasdale of Missouri has got off to an ambitious start in London with the acquisition of Kerman & Co and its 50 lawyers and employees.
The acquisition will increase Armstrong Teasdale’s global workforce to over 340 lawyers and marks the firm’s eighth office opening in the past two years. It quickly follows the company’s launch in Delaware in January.
David Brasswell, Managing Partner of Armstrong Teasdale said, “We are now in a position to capitalize on huge growth opportunities in London” and insisted that this move is clearly in line with the strategic goals we have set to bring the company into to lead the future. ‘
The contested Armstrong Teasdale has obvious synergies with Kerman’s 500-ranked commercial litigation practice, but the merger gives the U.S. firm access to Kerman’s talent in niche specialties such as sports and entertainment law.
Daniel O’Connell, Kerman’s Managing Partner, told Legal Business, “Our largest division is litigation, and this is a key area where we now have the power to enter the market and attract talent.” He also noted the overlap in intellectual property companies that he hoped would enable the combined firm to discontinue “marquee names.”
O’Connell also announced that the two companies are working to establish a joint presence in Dublin, where Kerman already has an existing office.
O’Connell said the management structures of both companies will remain at the status quo for the foreseeable future, with he continuing to lead the London office at 200 Strand, near the Royal Courts of Justice.
It is difficult not to see this acquisition in the context of a decade in which US firms are flexing their muscles in the London market. O’Connell claimed, however, that the connection was merely an “extension of customer requirements” and did not reflect the general appeal of the city. “It’s an exciting development for us and we are committed to bringing our new brand to market,” he concluded.