The fourth-largest law firm in Minnesota that's been operating in Minneapolis for the last 91 years will officially announce Monday a merger with a Kansas City firm.
Leonard, Street and Deinard is combining with Stinson Morrison Hecker to form Stinson Leonard Street, the Star Tribune reports.
The Business Journal says the new firm will employ nearly 530 lawyers across 14 cities, landing the firm in the top 75 largest firms by headcount in the country.
Mark Hinderks, managing partner for Stinson, told the Business Journal that the combined firm will expand lawyers' resources and help attract clients who need more "firepower."
According to the Star Tribune, mergers in American legal circles are becoming more and more common as economic and strategic pressures force law firms to consider new growth strategies.
However, leaders of the new firm insist the transaction is not "a merger of survival," the Star Tribune reported. The Wall Street Journal says both firms prospered through the recession.
The merger is effective Jan. 1.