Articles

Baker & Daniels slashes 22 staff positions

Indianapolis-based law firm Baker & Daniels LLP has eliminated 22 positions – 12 in Indianapolis and 10 in Fort Wayne. The firm made the cuts to its operational staff on Wednesday, according to managing partner Tom Froehle. The terminations involved no lawyers or legal support. A recent review of internal operations uncovered technological improvements, allowing […]

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UPDATE: Locke Reynolds sought previous mergers

Locke Reynolds LLP’s merger with Frost Brown Todd LLC will become final Jan. 5. But it’s not the first time the firm has sought a marriage. Locke Reynolds Partner Jim Dimos acknowledged in an interview with IBJ that in the past few years the Indianapolis law firm has had conversations with several local rivals, without […]

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BREAKING: Locke Reynolds OKs merger

Partners of the Indianapolis law firm of Locke Reynolds LLP late yesterday approved a merger with Frost Brown Todd LLC, a larger firm based in Louisville. The deal will be effective Jan. 5, said Locke Reynolds partner Jim Dimos, emphasizing the merger will allow the firm to better serve its clients. “We identified 10 regional […]

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BREAKING: Ice Miller set to merge

The city’s largest law firm, Ice Miller LLP, plans to merge with Louisville-based Greenebaum Doll & McDonald PLLC on Jan. 1, several sources in the legal community said. Spokeswomen for both firms said they could not immediately comment. Sources familiar with the discussions asked that their identities not be revealed. It is unclear which firm […]

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Indiana’s new superintendent of public instruction ready to tackle challenges

Tony Bennett, Indiana’s new superintendent of public instruction, says his priorities include restoring discipline to the
classroom, recruiting topnotch teachers and adequately compensating
them, increasing the percentage of education dollars spent directly on instruction, and reducing regulations so schools can
focus more on student instruction.

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Butler turns around flagging MBA program

Butler University’s MBA program — once at risk of being eliminated — has been revamped to include more real-life
professional experiences, and enrollment has increased 63 percent.

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DePauw, Ball State, Purdue buildings among top AIA design winners

Three university projects, two of which contain green-building elements, dominated the most recent design awards presented
by the American Institute of Architects Indiana chapter. Of the four award winners, three involved college buildings: the
Janet Prindle Institute for Ethics at DePauw University, the Neil Armstrong Hall of Engineering at Purdue University, and
the Straw Bale Eco Center at Ball State University.

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UPDATE: IU forecasts ‘rough’ economy

If the economy were the weather, the extended forecast would call for cloudy skies with a smattering of sunshine. That’s the consensus of Indiana University economists who presented their 2009 economic forecast this morning in Indianapolis. A recession that started in the third quarter will last through the middle of next year and possibly until […]

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Martin professor’s ouster sparks student protests

Martin University students upset over the firing of a popular professor are staging protests over the direction the school has taken under new President Algeania Freeman. Freeman in January replaced the Rev. Boniface Hardin, a Benedictine monk who founded the inner-city school 30 years ago. She since has roiled many faculty members and students by letting go employees-many times without reason, they contend-as part of a strategy to cut costs. IBJ reported their concerns in July. But the Oct. 20…

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M&I Plaza seeks rebound under different ownership: Struggling downtown tower is about 70-percent vacant

Struggling M&I Plaza once again can become a prominent office tower, real estate experts contend, but only if the next owner atones for its predecessor’s mistakes. Local real estate developer Paul Kite Co. had emerged as a top contender to buy the struggling downtown property from Maryland-based CapitalSource Inc., which assumed ownership of the 28-story building in June after foreclosing on a $5 million mezzanine loan. Paul Kite didn’t respond to an e-mail request for comment. But sources say Kite’s…

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For funding, developers may need to think outside box: Amid tight credit markets, getting a project built often takes alternative financing sources, creative approaches

Although the spigot of bank financing has slowed to a trickle, money to fund commercial development projects remains available from alternative sources. Just ask David Amick, executive director of Premier Capital Corp., a local lender that uses federal funds to help finance expansions. “We’ve got money to lend,” he said. “I’ve got that [message] hung on the door.” The fragile credit markets have nearly diminished the ability of companies to borrow. But lenders such as Amick insist the money is…

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