Law firm spinning off office
A local law firm has reached a “mutual decision” with one of its offices to spin off the location into an independent firm.
Lawyers and staff at the Traverse City location of Grand Rapids-based Smith Haughey Rice & Roegge will separate from the firm and form Parker Adams Harvey & Judson, effective Aug. 1.
Smith Haughey said the decision was made after an “extensive analysis.”
“We believe that SHRR and Parker Adams Harvey & Judson will be able to most efficiently serve their unique client bases with more geographically concentrated teams and with strategies tailored to their unique markets,” Smith Haughey CEO Bill Jack said.
Smith Haughey said recent internal changes and in the legal marketplace led the firm’s board and Traverse City shareholders to believe that the Traverse City team would be better served in a smaller firm environment, serving clients in the market.
Smith Haughey will re-focus its business and transactional practices to concentrate on the West Michigan region, while its statewide litigation practice will continue unaffected.
The change is expected to optimize overhead and cost structures for both firms.
Jack said Smith Haughey will continue a mutually beneficial relationship with Parker Adams Harvey & Judson, “one that includes cross-referrals, collaboration and serving as co-counsel in appropriate matters.”
Smith Haughey’s website lists 17 attorneys, one paralegal and one office manager at the Traverse City office.