The financial performance of some of the biggest names in the Richmond legal industry earned attention in recent weeks from a popular trade publication, which found that three of the region’s largest law firms brought in a combined $1.6 billion in revenue last year.
“It’s a hard moment for all of us,” CEO David Williams said of the firm’s decision, which comes after it abruptly lost its national flag late last year and one-third of its brokers jumped ship.
As it continues to work toward a deal to be acquired by BB&T, an Atlanta-based banking giant in recent weeks shed one of its Richmond branches.
Less than two years after expanding in its hometown with an acquisition in Innsbrook, a downtown Richmond-based financial firm has yet another deal in the works, this time giving it a bigger foothold in the Northeast.
Under new ownership and after more than $2 million in repairs and upgrades, a New Kent County club once left for dead is back in business.
Owens & Minor and Markel post their proxies and executive pay packages, a local REIT offloads nine hotels for $95 million and CarMax reports its year-end results.
As the Cavaliers prep for the Final Four, a bank from their hometown of Charlottesville is looking to make a run of its own – into Richmond.
Proxy season continues, as executive pay packages are disclosed for Hamilton Beach and Tredegar. And Genworth has extended the timeline for its pending deal to be acquired by a Chinese firm for the ninth time since the deal was announced in 2016.
For the latest installment of our newest event series, Richmond BizSense is headed to the epicenter of arguably the largest, most valuable untapped pocket of real estate in the city. Tickets are now on sale.
Relations between a publicly traded company that’s soon to move its headquarters to Henrico County and its founder appear to have splintered.
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