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K&L Gates does Dallas deal for latest tie-up

Author: Brenda Sapino Jeffreys

Published: 18/12/2007 10:28

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Kirkpatrick & Lockhart Preston Gates Ellis has sealed its latest merger after securing a tie-up with Dallas firm Hughes & Luce, writes Texas Lawyer.

Partners at both firms approved the deal yesterday (17 December), with the tie-up now set to go live on 1 January, 2008.

The deal adds around 150 lawyers plus offices in Fort Worth and Austin to the K&L Gates network, which numbers around 1,400 lawyers. The firm currently has around 35 lawyers in its Dallas arm, which it launched in 2001.

Hughes & Luce managing partner Edward Coultas said his firm’s partners voted nearly unanimously in favor of the deal.

He commented: “This removes any question of a platform issue [for Hughes & Luce] and we really like this firm, the people, the quality of lawyers. It's the expertise we will have at our fingertips.”

K&L Gates chairman and managing partner Peter Kalis said all 313 equity partners at his firm voted in favor of the deal, after talks were announced in July.

Coultas will now join the management committee of K&L Gates and will also sit on its eight-member executive board. Hughes & Luce partners Jack Erskine, Scott Bernhart and Craig Budner becomes K&L Gates’ administrative partners in Austin, Fort Worth and Dallas respectively.

Kalis added: “Texas is a strategic market that is underserved by firms with credible, three-continent platforms; by that I mean firms that are built out across the US [and] have critical mass in Europe and... the greater China market.”

The news marks the firm’s second major tie-up in a year, after Pittsburgh’s Kirkpatrick & Lockhart Nicholson Graham merged with Seattle outfit Preston Gates & Ellis at the beginning of 2007.

Texas Lawyer is a US sister title of Legal Week.

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