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Volume of mergers dips as larger deals slow

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IL for www.theindanalawyer.com

There were 20 new law firm combinations announced in the United States in the second quarter of 2019, according to Altman Weil’s MergerLine, falling slightly below reported numbers at the same time in previous years. In total, 47 deals were announced by mid-year.

So far in 2019, the volume of combinations has declined 10 percent since this time last year due to a slowdown in larger deals, https://files.constantcontact.com/cb194b59701/a7e4c9bb-7d0a-464a-b88c-f8d2314ab6a6.pdf An average of five acquisitions of firms with 20 or more lawyers was present during each quarter in 2017 and 2018. But in the first six months of 2019, there have been just three mid-sized and large combinations.

“It may seem counter-intuitive, but we’re actually seeing increased interest in large deals behind the scenes,” Altman Weil principal Tom Clay said in a statement. “However, the larger and more complex a combination is, the more slowly it is likely to progress and that can cause a temporary dip in the deal flow.”

The largest combination of the quarter was a rare merger of equals, the report noted. Seattle-based law firms Foster Pepper and Garvey Schubert, each with less than 100 lawyers, announced a merger to form Foster Garvey, a new Pacific Northwest regional firm.

Three international acquisitions were also announced in the second quarter of 2019. Among those, the 2,000-lawyer, New York-based international firm Greenberg Traurig acquired 39-lawyer Santa Maria Studio Legale in Milan, establishing the firm’s first Italian office. Additionally, mega-firm Dentons is set to add 21-lawyer MawereSibanda in Harare, Zimbabwe, and 13-lawyer Fisher Jeffries in Adelaide, Australia.

Half of the acquisitions in the second quarter occurred among small firms in the Southern region of the country, with only 10 percent of total acquisitions taking place in the Midwest. The largest Southern acquisition was made by AmLaw 200 firm GrayRobinson, which added to its Florida footprint with Thompson Sizemore, a nine-lawyer labor and employment boutique firm in Tampa.

The average acquired firm size settled at 11 lawyers across 20 acquired firms. The average acquirer size reached roughly 1,150 lawyers.

No Indiana-based law office participated in any merger in 2018 or in the first quarter of 2019. Since 2017, the movement of combinations involving Hoosier firms reported by Altman Weil’s MergerLine has slowed to a crawl.

Supreme Court rolls out updated child support calculators

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IL for www.theindianalawyer.com

Practitioners and parents alike now have access to updated child support calculators, the Indiana Supreme Court announced Tuesday.

The new calculators were updated to comply with House Enrolled Act 1520, which changes the conditions of terminating a parent’s child support duty.

Under the law, which took effect July 1, a new exception was created to the rule that child support obligations end when a child turns 19. The newly added exception, inserted as subsection (a)(4) of Indiana Code section 31-16-6-6, allows a child support duty to continue if “(t)he child is a full-time student in a secondary school…and a parent or guardian of the child files notice under subsection (c) advising the court that the child continues or will continue to be enrolled in secondary school.”

If those conditions are met, child support will continue until, and terminate upon, the child’s graduation from secondary school.

The new calculators in compliance with this change are available online at courts.in.gov/childsupport. 

The newly updated version for practitioners is intended to provide judges, lawyers, social workers and other professionals who commonly estimate support with a simple calculator for quick data entry. The parents’ version provides extra instructions.

Both updated calculators were designed to be used on various screen sizes and include a new feature that keeps a running tally of the child support amount. The tally feature aims to show how financial information entered affects the amount.

With the new changes, the formerly downloadable child support calculator for Windows is considered obsolete and should no longer be used, the Supreme Court said. Courts are encouraged to stop accepting forms created with that calculator, which include the words “Downloaded Practitioners” in the lower right corner of the form.

Last year, roughly $850 million in child support was collected and paid to Hoosier parents. Child support calculators were used by more than 125,000 people in the last year and are designed to be compliant with state law and the Indiana Child Support Guidelines.

Indiana child support calculators are developed and maintained by the Indiana Office of Judicial Administration, Trial Court Technology division, and the Indiana Judicial Conference Domestic Relations Committee.

 

RUTH LEE MITCHELL

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Boonville, IN. – Ruth Lee Mitchell, 88, of Boonville, Indiana passed away on Tuesday, July 9, 2019 at Transcendent Health Care North in Boonville, Indiana
Ruth was born on March 16, 1931 to the late Lafayette and Zelda (Wesp) Ohaver.
She is preceded in death by her parents, son, William Dwayne Mitchell; sister, Kathleen Wenner.

Ruth is survived by her husband of 68 years, Bill Mitchell; children, Barry Dale Mitchell of Boonville, IN; Lona Lee Boyte and her husband, Grayson of Maupin, OR; grandchildren, Matthew Mitchell, Camilla Johnston and her husband, Todd; Tanner Mitchell, Cody Franz and his wife, Melissa; great-grandchildren, Weston, Kaylee Jo, Ansley, Presley.

To send flowers to the family of Ruth Lee Mitchell, please visit Tribute Store.

AM car chase info

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Evansville Police arrested ALEXANDER SCHNARRE (24) after he fled from officers this morning.

The incident began when officers spotted smoke coming from a car that was parked in an alley in the 900 block of S. Garvin. Schnarre refused to get out of his car or identify himself. After being told several times to exit his car, Schnarre drove away. As he exited the alley, he collided with a second marked police car who had come to assist the initial officers.

Schnarre fled in his car for about 2 miles before fleeing on foot. Schnarre was found hiding in the 500 block of Lewis Ave near Walnut St. He surrendered and was taken into custody without further incident. 

Schnarre was wanted for escape from home detention and petition to revoke his probation at the time of this incident. He was also in possession this morning. 

Schnarre was arrested for Battery with a Deadly Weapon, Resistin

JAMES “JIM” E. CATON

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Newburgh, IN. – James “Jim” E. Caton, 64, of Newburgh, Indiana passed away on July 5, 2019 at Deaconess Gateway Hospital in Newburgh, Indiana.
Jim was born on May 15, 1955 in Providence, Kentucky to the late Lindy and Valine (McGrew) Caton.
He is preceded in death by his parents, sister, Kathy Caton.
Jim is survived by his children, Jamie Ballew, Lacy Curtis (Kevin), Cory Caton; 11 grandchildren, sister, Linda Caton.

To send flowers to the family of James Caton, please visit Tribute Store.

Credit card theft suspects sought

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Evansville Police are trying to identify two people in connection with a theft investigation. 

A woman reported her stolen credit card was used to make a $4,000 purchase at a local retail store. Store surveillance captured images of the male suspect who used the stolen credit card and a female who was with him at the time.

Anyone who recognizes either person is asked to call the EPD Fraud Unit at 812-436-7959.

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EPD REPORT

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EPD REPORT

“READERS FORIUM” JULY 9, 2019

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We hope that today’s “READERS FORUM” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way.

WHAT’S ON YOUR MIND TODAY?

Todays “Readers Poll’ question is: Are you pleased with the direction of Vanderburgh County or the City Of Evansville ?

If you would like to advertise in the CCO please contact us at City-County Observer@live.com

Footnote: City-County Observer Comment Policy. Be kind to people. Personal attacks or harassment will not be tolerated and shall be removed from our site.
We understand that sometimes people don’t always agree and discussions may become a little heated.  The use of offensive language and insults against commenters shall not be tolerated and will be removed from our site.
Any comments posted in this column do not represent the views or opinions of the City-County Observer, our media partners or advertisers

Commentary: In 2020 Campaign, The Message Is Change

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Commentary: In 2020 Campaign, The Message Is Change

By John Krull
TheStatehouseFile.com

INDIANAPOLIS—Amid all the shouting and noise generated by the 2020 presidential campaign, a surprising thing has become apparent.

Many Americans – perhaps most Americans – agree on something.

And that is that the promise of America – the promise that, with hard work, a person could build a good life – isn’t being kept for too many people.

John Krull, publisher, TheStatehouseFile.com

That was the central argument to Donald Trump’s surprisingly successful 2016 campaign. He spoke to the frustrations, even anguish, of largely rural, overwhelmingly white working-class Americans who felt the dream slipping through their fingers and out of their grasp.

His was an outsider’s crusade, not a traditional political campaign. He was less a candidate than a rebel chieftain storming the gates of the castle, demanding not just a seat at the table but the throne itself.

His victory was even more startling because it involved overthrowing not just one but two establishments.

First, he took down the GOP hierarchy, throwing well-heeled and well-educated Republicans who always know which fork to use when dining into a kind of panicked tizzy from which they have yet to recover.

Then he tossed Washington, D.C., upside down, discarding well-established precedents, practices and rules as if they were used and useless fast-food hamburger wrappers.

Chaos ensued – and normal, even simple functions of government became much more difficult.

In some cases, even impossible.

But that doesn’t disturb the president’s ardent supporters.

They seem happy to see someone take a wrecking ball to the machinery of self-government because they believe the system isn’t working for them.

Flash forward to now.

If the Democratic presidential debates a few days ago demonstrated anything, it was that the dissatisfaction with the system isn’t confined to white working-class America.

Consider many of the candidates who have emerged from nowhere as serious contenders in the race to be the Democrats’ standard-bearer. All represent constituencies that have reason to feel disenchanted, dispossessed and disenfranchised. And all their candidacies would have been unimaginable 15 years ago.

Kamala Harris is a first-term senator from California and a black woman. Pete Buttigieg is the mayor of a smallish Midwestern city and a gay man who speaks often of his husband. Elizabeth Warren is a senator from Massachusetts, a former law school professor and schoolteacher who was Republican until she was nearly 50. Julian Castro is a former Cabinet member, a former San Antonio mayor and a man of Mexican ancestry. Cory Booker is a senator from New Jersey, a former mayor of Newark and an African-American man.

Like Trump, all these candidates are, to say the least, non-traditional.

And, like Trump, a large part of their message and their appeal is that they don’t represent the old system.

In some ways, the emergence of these outsider candidates shouldn’t be surprising. Almost every successful presidential contender since Jimmy Carter has won by running against Washington and claiming to be the one who can bring sweeping change to a moribund system and culture.

But what’s different now is that many of the old barriers preventing outsider candidates from breaching the walls of power have been swept away.

Race was one such barrier. Gender was another. Sexual orientation was still another. Non-European ancestry could be yet another.

It’s not that people who weren’t white, male, straight and of European ancestry didn’t want power or at least what they considered a fair shake. It’s just that the system wasn’t set up to allow them to pursue their ambitions.

That’s no longer the case.

The election first of Barack Obama and then Donald Trump to the White House demonstrates that many Americans who had no realistic prospect of being president can imagine hearing “Hail to the Chief” every time they enter a room.

More to the point, the people they represent now have ways to express their dissatisfaction with a system that excludes many and rewards relatively few. They have a way to make their voices heard.

The irony, a painful one, is that the Trump supporters and the people who back the non-traditional candidates on the Democratic side might learn something if they lowered their voices.

Namely, that they have a lot in common.

They’re all unhappy and they all want things to change.

FOOTNOTE: John Krull is director of Franklin College’s Pulliam School of Journalism and publisher of TheStatehouseFile.com, a news website powered by Franklin College journalism students.

 

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