IFLR1000 Reviews

Financial and corporate
Ballard Spahr

A truly national law firm, Ballard Spahr operates 15 US locations across several different regions. The firm counts locations in some of the country’s largest markets, including New York, Los Angeles, Atlanta and Philadelphia. However, Ballard Spahr also occupies smaller markets such as Salt Lake City, Utah, Boulder, Colorado and Sioux Falls, South Dakota.  

Founded over a decade ago, Ballard Spahr’s Phoenix office counts M&A, capital markets and real estate transactions among its strengths.  

One standout deal for the Phoenix team came from its capital markets capabilities: Ballard Spahr represented Xtant Medical Holdings in connection with a $79 million restructuring and exchange agreement that included a private placement of common stock and the conversion or exchange of all of the company’s outstanding convertible notes. 

In one highlight for the M&A practice, the firm advised professional soccer franchise Phoenix Rising FC on the sale of a team interest to international investment group Advantage Sports Union. The group is based in Hong Kong.

DLA Piper

Although headquartered in the UK, DLA Piper has enough locations in cities across the US that it would be easy to mistake them for an American firm. The firm has offices in the biggest US markets such as New York, San Francisco, Atlanta and Los Angeles. In addition, DLA Piper handles deals in smaller US cities, including Minneapolis, Minnesota, Wilmington, Delaware and Baltimore, Maryland.   

DLA Piper opened up shop in Phoenix in 2007 through a group lateral move. Since then, the firm has established itself as among the Grand Canyon State’s best M&A, capital markets and real estate teams.  

One of the Phoenix office’s biggest deals from the research period came in connection with Grand Canyon Education’s $362.5 million acquisition of Orbis Education Services. The firm advised Grand Canyon Education on the transaction.  

The Phoenix office was particularly active in the capital markets space over the research period, working on significant deals such as client Mesa Air Group’s $115.6 million IPO. In another highlight that demonstrated the team’s capital markets expertise, DLA Piper advised Roth Capital Partners as the lead underwriter on The Lovesac Company’s $64 million IPO. 

With the April 2019 hiring of corporate partner Travis Leach, DLA Piper further established itself as a leading Arizona firm. Leach is recognized as a “Highly Regarded” attorney in Arizona by IFLR1000.