Buchanan Ingersoll & Rooney said Thursday that James Newell will take over as the firm’s chief executive officer in May, replacing the current CEO Joe Dougherty.
Newell, chair of the firm’s financial institutions, bankruptcy and real estate section, will work with Dougherty for five months “to ensure a comprehensive, well-coordinated exchange of strategic, operational and leadership knowledge,” a Buchanan statement said.
Newell, a 36-year veteran of Buchanan, will have a three-year term leading the Pittsburgh-founded firm. He has served on the firm’s advisory and associates and recruiting committees and chaired the compensation committee.
Buchanan was the 125th-ranked firm by revenue in the most recent American Lawyer survey, bringing in $293 million in fiscal 2022. The firm has offices in 16 US cities, including four in Pennsylvania, as well as Miami, San Diego, and New York.
Newell’s practice focuses on secured creditors and financial institutions involved in bankruptcies and corporate reorganizations.
Dougherty oversaw Buchanan’s most recent merger with 22-lawyer intellectual property boutique RatnerPrestia announced in November. Buchanan increased its IP practice group by 65% through the combination, the firm said then.
A previous version of this story was produced by Bloomberg Law Automation.
(Adds detail about Newell, firm starting in second paragraph.)
To contact the reporter on this story:
To contact the editor responsible for this story:
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.