PHILADELPHIA PA – Ratner Prestia, an intellectual property law firm of which former Lower Pottsgrove Board of Commissioners member Jonathan Spadt is president and chief executive officer, is being acquired by Pittsburgh-based attorneys Buchanan Ingersoll & Rooney, the Philadelphia Business Journal reported Tuesday (Nov. 14, 2023).
The news story, reported by Journal Senior Reporter Jeff Blumenthal, stated Ratner Prestia had been “exploring the possibility of becoming part of a larger platform.” The two firms collaborated earlier this year, Blumenthal wrote, to develop “a business case for the combination.”
The acquisition is expected to be completed by Jan. 1, according to the Journal, at which time Spadt will become co-chair of the Buchanan intellectual property practice, the story added. Several other Ratner Prestia lawyers also will assume leadership roles at the combined law firm.
In a statement cited by the Journal, Spadt said the merger “brings together two very influential IP groups in a firm that offers additional established expertise relevant to innovative global companies and institutions. Today’s IP management relies more than ever on integrated commercial strategies and with this new relationship, we can offer expanded value and top-quality comprehensive legal work beyond just core IP. Of course, we also look forward to contributing to the growth of Buchanan’s IP section.”
Ratner Prestia attorneys will eventually relocate to Buchanan offices in Center City, Wilmington and Washington DC, Blumenthal wrote.