REUTERS/Kevin Lamarque

New Barnes & Thornburg leader says more growth – but no merger – is in store

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(Reuters) – Indianapolis-founded Barnes & Thornburg on Monday mentioned it is tapping a co-head of its insurance coverage restoration and counseling follow, Andrew Detherage, to be its subsequent managing accomplice.

He’ll oversee a regulation agency that, since 2019, has opened at the least 5 new places of work, together with in Ann Arbor, Raleigh, Salt Lake Metropolis, New York Metropolis and, most not too long ago, Boston.

Detherage will take over for Robert Grand, the agency’s present managing accomplice, beginning in November 2022. Beneath Grand’s seven-year tenure, the agency mentioned its gross income has grown to $506.2 million final 12 months from $346 million in 2014.

The agency mentioned its headcount has additionally grown to 700 attorneys from 580 in the identical time interval.

“He’s built an incredible legacy,” Detherage mentioned of his predecessor.

Even with all of its new workplace openings, Detherage mentioned Barnes & Thornburg has its “eyes on a couple of additional markets” that match into its total technique, although he declined to call them.

He emphasised that the agency has grown with no large-scale merger. At the same time as different massive Midwestern regulation corporations have mixed to attain scale rapidly, Barnes & Thornburg is not in that technique, he mentioned.

“If you watch Barnes & Thornburg over the next few years, I don’t think that’s something you’re going to see,” Detherage mentioned. “We don’t think it will be a successful way for us to grow and operate the law firm.”

The agency mentioned Grand will proceed to follow in its authorities providers and finance group. Grand in an announcement praised Detherage, saying he has “known and worked side by side with Andy during most of my career.”

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David Thomas

David Thomas stories on the enterprise of regulation, together with regulation agency technique, hiring, mergers and litigation. He is based mostly out of Chicago. He might be reached at [email protected] and on Twitter @DaveThomas5150.