Indianapolis-based Ice Miller LLP has expanded into its largest market to date. The 105-year-old firm, which now has offices in seven markets, says a New York City location will bolster its private equity practice and position it "where the clients are." Ice Miller currently employs 300 lawyers in four states. Thomas Kesoglou will serve as the office managing partner in New York.
Chief Managing Partner Steve Humke says "more and more of our transactional and private equity clients are based on the East Coast. Opening an office in New York is consistent with our strategic plan and affords us an opportunity to better serve our expanding client base by meeting them where they live and work." The private equity team currently features 40 attorneys.
Humke tells Inside INdiana Business the firm is not entering the market "just because it’s New York." He says the play is a combination of a good idea, a good existing partner in private equity practice leader and Partner Edward Braum and a "good partner on the ground" in Thomas Kesoglou. Humke believes the new market can be successful within one to two years and will allow the firm to expand current relationship and add new ones.
He says New York is both compelling and competitive and believes Ice Miller’s legacy and strength in the Midwest, particularly in middle-market mergers and acquisitions, will offer a "terrific opportunity" to demonstrate its "unique skill-set and value proposition."
The new office officially goes to work today. In addition to Indianapolis and New York City, Ice Miller has locations in Chicago; Cleveland; Columbus, Ohio; DuPage County, Illinois and Washington, D.C.
Chief Managing Partner Steve Humke says the firm has considered growth opportunities in the city “for years.”