New York law firm to merge with Duane Morris

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Duane Morris LLP and Satterlee Stephens  announced  that the partners of both firms have approved the material terms of a merger agreement.

The merger is expected that the deal to be  finalized by the end of the month.

Philadelphia-based Duane Morris has an office in Wilmington. Satterlee Stephens is based on New York City. 

The combination would expand Duane Morris’ presence in New York City, effectively growing the firm’s New York practice by 60 percent  to more than 160 lawyers.

The combined firm would operate as Duane Morris LLP.

With the merger, Duane Morris’ enhanced presence in New York City will  offer  local, national and international practices in such key areas as corporate; trial; finance; intellectual property; real estate; bankruptcy; venture capital and emerging companies; employment, labor, immigration and benefits; insurance; private client services; media and communications; and tax matters.

The combination, which is expected to take effect as of February 1 will enhance New York’s status  as the firm’s largest market outside its Philadelphia  headquarters.

“We’re excited to welcome the Satterlee Stephens team,” said Matthew A. Taylor,  CEO of Duane Morris. “The fine lawyers at Satterlee bring great practice strength in litigation, corporate, bankruptcy, IP, immigration, and trusts and estates, as well as deep knowledge in industries such as financial services, technology and life sciences that mirror those at the core of our strategic plan. We’ve been talking for quite a while, so we are very comfortable that this would be a spot-on cultural fit as well.”

The firm would operate from both Duane Morris’ existing location on Times Square and Satterlee’s office at 230 Park Avenue. 

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