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Arent Fox, Schiff Hardin to Merge in 2022, Entering Top 100 (1)

Dec. 1, 2021, 7:28 PMUpdated: Dec. 1, 2021, 9:15 PM

Arent Fox and Schiff Hardin will merge March 1, becoming one of the top 100 firms in the U.S. by revenue, the firms announced Wednesday.

The firm will be called ArentFox Schiff and have more than 600 lawyers and staff. It will have an estimated combined gross revenue of more than $507 million, according to AmLaw data, rivaling firms such as Barnes & Thornburg and Nixon Peabody.

“This combination was very compelling to us because it created scale both in major practice and industry groups, as well as geographically,” Schiff Hardin managing partner Joseph Krasovec III said in an interview. It will “do more for our clients in more ways—and in more places.”

Individually, Arent Fox and Schiff Hardin rank among the AmLaw 200, at $333.6 million and $174 million in gross revenue, respectively. The combined firm will have offices in Washington, Chicago, New York, Los Angeles, Boston, San Francisco, and Ann Arbor, Mich.

Cristina Carvalho of Arent Fox and Krasovec of Schiff Hardin will be co-managing partners.

“ArentFox Schiff will offer our clients more resources, expanded talent and experience, and a broader geographic reach,” Carvalho said in the statement.

The new firm’s major practice areas will include transactions, litigation, regulatory issues and M&A, Krasovec said. The merger could help attract and retain talent, he said.

“It is a very challenging market for associate talent,” Krasovec said. “When you’ve got a firm that’s got a geographic scale and a practice scale like what we’ll have, you’ve got the ability to attract more people.”

Schiff Hardin and Arent Fox cultures made the merger a good fit, he said.

“They approach the practice of law the same way we do,” Krasovec said. “We just saw a great deal of similarity there that, frankly, was very pleasantly surprising.”

(Adds Joseph Krasovec III interview starting in third paragraph.)

To contact the reporter on this story: Ruiqi Chen in Washington, D.C. at rchen@bloombergindustry.com

To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com;
John Hughes at jhughes@bloombergindustry.com

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