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Sunday, 23 December 2012 23:18

Tracy T. Larsen, Managing Partner, Barnes Thornburg LLP

Written by  MiBiz Staff
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Tracy T. Larsen, Managing Partner, Barnes Thornburg LLP MIBIZ FILE PHOTO: Joe Boomgaard

A corporate and securities lawyer specializing in M&A work who manages the firm’s Michigan office, Larsen represented footwear giant Wolverine World Wide in a $1.24 billion acquisition of a division of Collective Brands Inc. that was finalized in October.

“The artificial pressures caused by the looming fiscal cliff and unpredictable economic and geopolitical conditions abroad create an atmosphere of uncertainty for 2013, both generally and within the legal industry. Yet, while many predict a slowdown in 2013 for the U.S. legal industry, we are very bullish on our prospects both locally and nationally.

“Several years ago, national law firms broke into two different camps, those focusing on capital markets who pushed hourly rates to unrealistic levels and those, like Barnes & Thornburg, who foresaw an opportunity to build a platform servicing a broad swath of middle market clients with value-oriented billing. Responding to that opportunity catapulted our firm into one of the nation’s 100 largest firms. We believe our strategy will continue to pay dividends in 2013 and beyond.

“As to specific practices, we are projecting growth in litigation, labor and employment, intellectual property and financial restructuring. In addition, our mergers and acquisitions group bucked a national trend in 2012 by posting a record year, and we are forecasting another strong year in 2013, with strong middle market deal activity driven by business fundamentals and value opportunities.

“Believing in our unique service delivery model, we have been actively adding attorneys in all of our 12 offices nationwide and forecast no slowdown in 2013. In fact, our recruiting efforts within existing offices and our exploration of new offices will likely intensify as lawyers get further priced out of the middle market at many of the nation’s largest firms.”

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