The Nashville law firm in which Sam "Mac" McAllester, originally from Chattanooga, is a founding member, will merge Oct. 1 with one of the nation’s most prominent law practices.
BMN announced recently its merger agreement with Spencer Fane, a Kansas City, Missouri firm. Regarded as one of the nation’s largest law firms with more than 330 attorneys and annual revenues exceeding $150 million, Spencer Fane maintains offices in 11 states and 20 U.S. cities. Bone McAllester Norton was founded 20 years ago by Mr. McAllester, Charles W. Bone, and the late Mike Norton.
Recognized as Nashville’s sixth largest law firm, BMN lists 43 attorneys in its practice with offices in downtown Nashville as well as in adjacent Williamson and Sumner counties.
Mr. McAllester, who for more than 40 years has represented banks, financial institutions, and other lenders on a variety of matters regarding but not limited to lending, collateral, and the negotiation and structure of credit facilities secured by all forms of collateral, is well respected throughout Tennessee and other areas in the region for his knowledge of the law in this particular field of interest.
A graduate of the University of Tennessee School of Law, he has been recognized on the exclusive list of Super Lawyers for consecutive years since 2009. He serves as vice chairman of the BMN firm.
I realize I am fortunate to have the opportunity to learn from and work with Mac, my father, and others in our firm who have far more experience than I and who are willing to share what they know with me and our other attorneys," said Charles Robert Bone, BMN's president and CEO and son of founder Charles W. Bone."Mac's knowledge of the law and his ability to work with clients through sometimes very complicated and difficult issues have made us all appreciate his special talents and skills.“I’m confident Mac will continue to be a major contributor when our firm merges with Spencer Fane,” Mr. Bone added.
Speaking about the merger, Mr. Bone said will position the firms to expand both in terms of size and geography to meet the growing needs of their clients.
He said in addition to a cohesive business model, Bone McAllester Norton and Spencer Fane share a commitment to cultural values that center on humility, community, collaboration and an unwavering ambition to achieve success for their clients.
“The culture of our firm, our commitment to give back to the community, and our strong track record of retaining top legal talent, has fueled our success. We found those same values in Spencer Fane,” Mr. Bone said.
“After years of telling one national firm after another ‘no,’ we felt there was something decidedly different about Spencer Fane. Ultimately, being a part of their platform will enable us to expand and continue to attract first-rate attorneys, better serve current and future clients, and strengthen our commitment to Nashville and surrounding Middle Tennessee communities,” he noted.