Plutos Sama has completed the acquisition of The Fisher Law Group, a default law firm practicing in Maryland and the District of Columbia.
Plutos Sama is a vertically integrated holding company, providing its clients with the legal resources needed to develop across a variety of sectors, asset classes and regions around the globe. Included among its holdings are BP Law Group, LLP, a creditors' rights law firm with a network of offices throughout the country, and Wilson & Associates, PLLC, a foreclosure law firm primarily serving Arkansas and Tennessee. The acquisition further solidifies Plutos Sama’s representation in more than 18 states and jurisdictions with a focus on performing and nonperforming loans.
“The addition of The Fisher Law Group to the Plutos Sama portfolio will result in an increase of projected revenue from $54 million to $64 million on a consolidated basis, and positions our company for further growth in the distressed asset market,” says Plutos Sama’s founder and chairman Matthew Browndorf. “The acquisition of The Fisher Law Group will augment the comprehensive legal service offerings to our clients on a national scale. Plutos Sama’s success is derived from a strategic model which delivers new revenue streams based on the company’s entrepreneurial leadership, vertically integrated portfolio companies and shared resources among its portfolio of companies.”
During the next quarter, Plutos Sama plans to merge The Fisher Law Group into BP Law Group, LLP under the name BP Fisher Law, LLP. The combined entity will conduct or manage residential foreclosure and bankruptcy matters in 18 states and the District of Columbia.
Jeffrey Fisher, founder of The Fisher Law Group, will remain with the firm and serve as the executive vice president of business development of the combined entities. The Fisher Law Group, founded in 1998, by Fisher is an "AV" rated law firm and concentrates its practice in representing banks and mortgage loan servicers respecting foreclosure and related default services.
“When I met Matt, I was immediately impressed with his vision and drive,” says Fisher. “I am happy to allow him to grow our firm to the next level following my years of stewardship. We have identified core competencies that are complementary which will make the whole greater than the sum of the parts for the future BP Fisher Law, LLP.”
Martin Goldberg, who has been with The Fisher Law Group for twenty years, will serve as lead attorney of the Maryland office. He will manage and oversee the operations of FLG, working closely with the operations team in Irvine, Calif. The law firm’s subsidiary title company, FLG Title LLC, will be included in this transaction at such time as appropriate licenses are issued and agency contracts are executed.
