Greenebaum Doll & McDonald and Bingham McHale Agree to Merge
Bingham McHale LLP and Greenebaum Doll & McDonald PLLC are proud to announce that as of January 2, 2012, the firms will be merged to become Bingham Greenebaum Doll LLP. Following a rigorous exploratory process, representatives from both firms agreed that the merger is in the best interests of their clients and their firms. Each firm recognized the need for an expanded presence in Indiana, Kentucky and Ohio to meet the evolving business needs of their clients. A vote by members of each firm on Dec. 21, 2011 sealed the agreement.
As Bingham Greenebaum Doll LLP, the legacy firms’ shared commitment to their clients’ business needs and their communities will continue to flourish.
“The merger of Bingham McHale LLP and Greenebaum Doll & McDonald PLLC is one based on mutual respect and the desire to increase our influence,” said Phillip D. Scott, Chairman at Greenebaum Doll & McDonald PLLC. “As Bingham Greenebaum Doll LLP, we will be expanding our geographic footprint and strengthening our knowledge base in areas such as governmental work and municipal bonding. These steps will complement our practice of being a progressive firm with an eye for recognizing and embracing smart opportunities.”
“Greenebaum Doll & McDonald PLLC and Bingham McHale LLP share a commitment to providing outstanding legal services, focusing on finding solutions for our clients’ objectives and growing opportunities in new markets,” said W. Tobin McClamroch, Managing Partner at Bingham McHale LLP, in announcing the agreement to merge. “Bingham McHale LLP is not only increasing the depth and breadth of our experience in key areas such as tax and finance, but we are also entering into a true merger that honors both firms’ histories and current successes.”
Greenebaum Doll & McDonald PLLC has offices in Louisville, Lexington and Frankfort, Kentucky, and Cincinnati, Ohio. Indiana-based Bingham McHale LLP has offices in Indianapolis, Evansville, Jasper and Vincennes. These offices will be centers of growth in their respective markets. The new firm will include 247 attorneys, which would rank 166 on the 2011 NLJ 250 list, published annually by the National Law Journal.
MERGER DETAILS OF INTEREST
A True Merger: Law firms merge to make themselves stronger, but often there is imbalance in the relationship. When Greenebaum Doll & McDonald PLLC and Bingham McHale LLP were exploring potential partners, they wanted a true merger of equals. They are confident that they have found it. This story is partly illustrated in numbers.
• Bingham McHale LLP: 130 attorneys and 11 paralegals
• Greenebaum Doll & McDonald PLLC: 117 attorneys and 20 paralegals
The firms also share a commitment to collegial and entrepreneurial values that together will lead to a dynamic relationship going forward. For their clients, this relationship means practicing law at the highest level while focusing on finding solutions for their client’s objectives, and growing opportunities in new markets.
Clients of Interest: While Humana is one of Greenebaum Doll & McDonald PLLC’s largest clients, the firm also represents several Kentucky household names including Urban Active Corporate and the franchise holders of KFC restaurants under the banner of KFC National Council & Advertising Cooperative. It is also involved in the horse racing industry representing Churchill Downs and several horse farm owners and energy industry representing Peabody Energy, the world’s largest private-sector coal company. The firm is also active in the revitalization of Louisville’s Bourbon Row through a resurgence of bourbon production along the famous corridor.
Bingham McHale LLP is counsel to the Gatorade Trust, the group that invented Gatorade, and Saint-Gobain, the world’s largest building materials company and a global leader in the production of high-performance materials and glass containers. Simon Property Group is also a prominent client. Headquartered in Indianapolis and employing more than 5,000 people worldwide, Simon Property Group owns or has an interest in 392 properties comprising 262 million square feet of gross leasable area in North America, Europe and Asia.
Diversity: Both firms have active diversity programs and traditions. At the leadership level, Mary E. Solada sits on Bingham McHale LLP’s four-person management committee, and Greenebaum Doll & McDonald PLLC’s Carolyn M. Brown leads the firm’s Lexington office. Women chair three of Greenebaum Doll & McDonald PLLC’s seven practice groups.
As a result of Greenebaum Doll & McDonald PLLC’s diversity efforts, the firm ranked 31st in the United States in percentage of female partners (at 22.9 percent), according to Law360. Minority Law Journal awarded the firm its highest diversity rank in its region. Greenebaum Doll & McDonald PLLC also sponsors the Tri-State Diversity Recruiting Program, offered to law students of diversity who wish to work as summer or full-time associates.
Evidence of Bingham McHale LLP’s dedication to diversity includes appointing a Diversity Director to advance diversity at the firm and developing the Women’s Forum. Firm Partner Roderick Morgan was the first African American to serve as Indiana State Bar Association president, was named a 2008 Champion of Diversity by the Indiana Minority Business Magazine and won Indiana Lawyer 2007 Diversity in Practice Award. Firm Partner Rafael Sanchez is the incoming president of the Greater Indianapolis Chamber of Commerce’s Hispanic Business Council.
Banking: In their respective markets, both Bingham McHale LLP and Greenebaum Doll & McDonald PLLC have long histories of working with originating banks in Indiana and Kentucky, and still count many of those as current clients. In Kentucky, Greenebaum Doll & McDonald PLLC has worked with Community Trust Bancorp and Branch Banking and Trust Company (BB&T). In Indiana, Bingham McHale LLP counts among its banking clients PNC, First Merchants Bank, STAR Financial, German American Bancorp and Regions. Both firms have worked closely with Fifth Third.
FOR BINGHAM MCHALE LLP
Tax Experience: Greenebaum Doll & McDonald PLLC is known to have unparalleled tax experience, and Bingham McHale LLP knew that greater strength in transactional tax and tax controversies would benefit its clients. Timely legislative issues make this knowledge base particularly valuable. Issues related to the current payroll tax reform and the Affordable Care Act health care reform’s impact on self-employment taxes are on the horizon. At the state level, the Indiana Chamber of Commerce’s Top 10 legislative priorities include supporting elimination of the state inheritance tax and supporting exemption of the taxation of machinery and equipment. The merger of Bingham McHale LLP and Greenebaum Doll & McDonald PLLC puts the new firm in a position to more comprehensively find solutions for clients.
FOR GREENEBAUM DOLL & MCDONALD PLLC
Government Experience and Geographic Footprint: Bingham McHale LLP attorneys log thousands of miles a year working closely with clients in cities, towns and counties across Indiana to learn about local issues and advise community leaders on best practices. The Indiana firm’s experience and depth in the areas of governmental work and municipal bonding are of particular interest to Greenebaum Doll & McDonald PLLC. The firm’s Southern Indiana client base has grown consistently over the years. However, without a physical office in Indiana, the firm has been limited in the types of services it can offer to this growing market. Bingham McHale LLP’s Indiana experience and Greenebaum Doll & McDonald PLLC’s proximity to the market should offer the combined firm an opportunity to provide even better service to Southern Indiana clients.
THE LEGACY FIRMS
Greenebaum Doll & McDonald PLLC has distinguished itself as a progressive business law firm since 1952. True to its business roots, the Kentucky firm supports one of the most respected business and commercial law practices in the region, breaking barriers to achieve client objectives. The firm’s strong commercial litigation and dispute resolution practice also has a long history of breaking new ground in representing business clients. Greenebaum’s attorneys are known for their business savvy and depth of legal experience. The firm provides incisive counsel in a broad range of practice areas and represents clients in virtually every industry. Among its clients are many of the nation’s most prominent businesses, as well as start-up companies. With offices in Kentucky and Ohio, Greenebaum is both locally accessible and nationally connected. Its attorneys are licensed in more than 20 states and several international jurisdictions.
Bingham McHale LLP is a multidisciplinary business law firm serving regional, national and international clients. As the fourth largest in Indiana, the law firm serves businesses, governments and private clients and distinguishes itself within the state and across the nation as it focuses on emerging issues in law, business and government. At Bingham McHale LLP, integrity, responsiveness and legal excellence foster trusting and lasting relationships with clients who know that their needs are our business. The attorneys of Bingham McHale LLP take pride in a unique environment where devoted, talented, diverse individuals enjoy mutual support and respect and collegiality. Bingham McHale LLP is an integral part of the communities it serves. The attorneys of Bingham McHale LLP are committed to helping their clients achieve their business goals.