News

Corporate Work Uptick Fuels Arnall Golden Gregory Revenue
April 16, 2015
Arnall Golden Gregory had a solid year in 2014, thanks to an uptick in corporate work. Revenue increased $3 million to $79.5 million—a 3.9 percent jump that pushed up revenue per lawyer by 5.6 percent to $565,000 and profit per partner by 3.6 percent to $710,000.

"It was an up year on top of a prior up year. We felt good about it," said Arnall Golden's managing partner, Glenn Hendrix. He added that, so far, 2015 is trending to be the same.

"Transactional practices are back. Health care and real estate continue to be exceptionally busy and, like last year, we are doing a lot of government investigations work," he said.

Arnall Golden is representing The Integral Group in the acquisition, financing and redevelopment of the former General Motors plant in Doraville, which Integral plans to turn into a mixed-use complex. The deal also has required environmental remediation for the 165-acre property.

It advised Genesis HealthCare on its $307 million all-stock acquisition of Skilled HealthCare Group Inc., which created a long-term care facility operator with $5.5 billion in revenue and more than 500 facilities in 34 states.

On the litigation side, the firm is handling a number of white-collar and False Claims Act matters, particularly for health care companies. Arnall Golden represented Extendicare Health Services Inc., which operates nursing homes and rehabilitation facilities, in a probe by the Department of Justice over a whistleblower's claims that the company defrauded Medicare and Medicaid programs by billing for substandard care and charging for unnecessary services. Extendicare paid $38 million to settle the case but admitted no wrongdoing.

In an insider trading case, the firm won a dismissal for Atlanta businessman Parker Petit, the former CEO of Matria Healthcare, whom the Securities and Exchange Commission started investigating in 2009. The SEC alleged that Petit leaked to a friend that the publicly traded company was looking to be acquired. Inverness Medical Innovations bought Matria in May 2008.

The firm's head count was stable. Arnall Golden reported 141 lawyers in 2014, down two from the prior year. It added a net of one equity partner, for a total of 40.

It added three lateral partners last year—and two more at the beginning of this year. In Atlanta, bond lawyers Lewis Horne Jr. and Sandra Zayac joined from Schiff Hardin. In February, immigration lawyer Jay Solomon joined from his own firm. In Washington, Joe Rubin joined the data security and privacy practice from the Technology Association of America. At the beginning of the year, a data privacy litigator, Ross Buntrock, joined from Arent Fox.

Several of the partners who departed went in-house. Longtime corporate partner Adam Skorecki left after 32 years for a job as general counsel for longtime client Sysco Corp. Real estate partner Jennifer Gourley became the general counsel for Paces Properties in January after joining the firm last year. Health care partner David Pearce also returned to an in-house job after joining last year from Kindred Healthcare, a firm client. He became the chief counsel of Kindred at Home. Heather Preston, a tax lawyer with a focus on real estate investment trusts (REITs), left for Kilpatrick Townsend & Stockton.

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