M
iles & Stockbridge, an Am Law 200 firm, is merging with Washington D.C.-based real estate finance firm Krooth & Altman. The combination will create a firm with over 200 lawyers, according to firm leaders. Thirty Krooth & Altman lawyers and staff will join Miles & Stockbridge in late December, including all four members of the management committee.

    Miles & Stockbridge has eight offices along the East Coast, while Krooth & Altman specializes in financing involving HUD-insured loans and government-sponsored enterprises Fannie Mae and Freddie Mac. The combined firm aims to create a "midsize powerhouse law firm" with a strong presence in the D.C. region.

    Firm leaders declined to provide revenue estimates for the combined firm but said both firms are financially strong. Miles & Stockbridge generated $128.5 million in gross revenue in 2023, with profits per partner reaching its highest point in firm history.

    The combination will create a Krooth & Altman GSE and HUD team within Miles & Stockbridge, which will continue to specialize in financing loans originated through government-sponsored enterprises. The combined firm will maintain two D.C. offices, with plans to eventually combine into a single location.

    This merger is part of Miles & Stockbridge's strategy to expand its East Coast presence, particularly in the DMV region. The firm has recently opened an office in New York and continues to grow in Virginia and D.C.