James Newell Begins Term as Chairman and CEO of Buchanan
PITTSBURGH - (May 9, 2024) Buchanan Ingersoll & Rooney announces that James Newell officially takes the helm as the firm’s Chairman and CEO, effective today. He replaces Joseph Dougherty, who served two terms in the role since he was elected in 2016.
“It’s an incredible honor to start my term as the firm’s Chairman and CEO,” said Newell. “I’m excited about where this firm is headed and how we’ll continue to build upon its remarkable legacy.”
He added, “As we navigate a changing legal market, my chief focus is to continue our best-in-class reputation among our clients and within the legal profession. We’ll continue to cultivate a dynamic, inclusive, high-performing firm culture, strategically grow in target markets across our national platform, and reinforce our commitment to innovation to best serve our clients.”
Today’s announcement completes a five-month transition period since Newell was unanimously elected by the firm’s voting shareholders as CEO-elect in January 2024. Prior to his elevation to Chairman and CEO, Newell served as the chair of the firm’s Financial Institutions, Bankruptcy, and Real Estate section. He focuses his law practice in representing secured creditors and financial institutions in bankruptcy matters and corporate reorganizations.
In his 36 years at the firm, Newell has been a constant driving force and strategic sounding board behind the leadership and growth of Buchanan. He previously served on and chaired Buchanan’s advisory committee, associates and recruiting committees and compensation committee.
Newell will serve a three-year term after which he will be eligible for re-election to a second term. In his new role, Dougherty returns to the practice of law to work with some the firm’s most tenured and key clients. He will also play a key role in recruiting new talent to the firm.
“I’m proud to pass the baton to Jim as he becomes Chairman and CEO of Buchanan,” said Dougherty. “It has been a true privilege to lead the firm for the past eight years and I’m proud of what we have achieved and the positive direction in which we are headed. Jim has a clear vision for the firm’s future and will be very successful in continuing to drive our strategic growth. Jim will be laser-focused on nurturing our strong firm culture and delivering excellent value and service to our clients.”