Investment holding company Plutos Sama LLC has acquired the Fisher Law Group PLLC, which focuses on resolution of delinquent real estate portfolios.
Plutos Sama, which invests mainly in law offices, has a “flagship office” in Irvine and a corporate office in New York. Its portfolio includes BP Law Group LLP, which focuses on creditors’ rights; Wilson & Associates PLLC, a foreclosure specialist operating in Arkansas and Tennessee; and Distressed Capital Management LLC in Irvine, an asset manager focused on real estate development and loans.
The holding company has about 460 employees in 18 states and the U.K., China and the Middle East.
The Fisher Law Group, which is based in Upper Marlboro, Md., primarily serves Maryland and the District of Columbia. It has nine attorneys, according to its website.
Plutos Sama founder and Chairman Matthew Browndorf said the buy is expected to increase the company’s “projected revenue from $54 million to $64 million … and positions our company for further growth in the distressed asset market.”
The Fisher Law Group will merge into the BP Law Group to create BP Fisher Law Group LLP, according to a statement by Plutos Sama.
Jeffrey Fisher, who founded the Fisher Law Group in 1998, will serve as the executive vice president of business development of the combined firm.
Martin Goldberg, who has spent 18 years at the Fisher Law Group, will serve as lead attorney of the Maryland office.
