TORONTO, Feb. 18,
2025 /CNW/ - Loopstra Nixon is thrilled to announce
that Peter Saad has been elected the
firm's new Managing Partner. Following an eight-year tenure as
Managing Partner, Allan Ritchie
moves to a new role as Chair of the firm, providing support and
guidance to the new MP and continuing to focus on the execution of
the firm's growth strategy.
During Allan's leadership, the firm has grown from 40 to 118
lawyers and has experienced a fourfold increase in revenues and
profits. The firm opened five new offices across Ontario, including one in Toronto's financial district, now home to over
50 lawyers. This expansion coincided with Loopstra Nixon's
combination with Macdonald Sager LLP and Feige Nawrocki LLP in
2023. The firm also opened an eight-lawyer office in Vaughan's Metropolitan Centre. That same year,
it became the first Canadian mid-sized law firm to achieve
Mansfield Certification, recognizing its commitment to Diversity,
Equity, and Inclusion.
In 2024, Allan was named the Canadian Law Awards Managing
Partner of the Year and one of Canada's 25 Most Influential Lawyers by
Canadian Lawyer Magazine.
"I am very excited to work with Peter as he
takes on this challenge. His leadership aptitudes and his obvious
passion for what we are building has been evident since he joined
our partnership. He has been a key contributor to our strategy and
growth. Our partners are thrilled to start writing our next chapter
under his leadership." said Allan.
Peter Saad joined Loopstra Nixon
as a partner in 2021. Previously, he was a capital markets lawyer
at Shearman & Sterling in New York
City and Toronto and led
his own successful law firm in the GTA before joining LN.
He leads the firm's growing Healthcare M&A Team and has a
thriving corporate and commercial practice. Since 2023, he has
served on the Executive Committee and as co-chair of the Finance
Committee, while also contributing to the firm's Growth Committee.
Peter is a strong advocate for LN's vision, mentoring lawyers and
staff while maintaining an active role in the community Peter has
been recognized by the publishers of the Chambers Canada Guide as a
leading lawyer in the corporate/commercial category in 2023, 2024
and 2025.
"I am truly honored to continue working
alongside such talented and dedicated colleagues at Loopstra Nixon.
Allan's leadership has been instrumental to where Loopstra Nixon is
today and where we will continue to go tomorrow. Our people are
truly our difference, and it is this collective strength that makes
our firm exceptional. Together, we will continue to
soar, and the future of Loopstra Nixon is both promising and
exciting. I am confident that through collaboration and our shared
commitment to excellence, we will continue to build on our
success." said Peter.
Peter will be supported by a six-member Executive Committee
comprised of elected equity partners as well as the firm's C-suite
leadership: Pat Carrano, CFO and
Samantha Scimmi, COO.
"Peter takes the reins with the enthusiastic
support of the firm's former leaders who will actively be there to
provide the institutional knowledge gained from over 50 years of
firm leadership." said former managing partner,
Ian Scarlett, who oversaw the firm's
growth from 15 lawyers to 40 lawyers during his tenure
(2008-2017).
Scarlett and firm co-founder Sandy
Nixon both sit on the firm's Executive Committee and
maintain busy corporate law practices.
"It has been an incredible journey since
Chuck Loopstra and I started the
firm in North Etobicoke in 1973. I
am energized by the crop of young and ambitious partners, like
Peter, who share the same passion that motivated us to start this
firm over 50 years ago. We are excited for our strong future."
Said Sandy.
Peter's three-year term commences immediately.
About Loopstra Nixon
Loopstra Nixon is a team of
client-centered lawyers who are shaping the future of business and
public law in Canada. Founded in 1973, Loopstra Nixon has
grown in both its size and strength to possess unique and diverse
skillsets that align with its clients and their businesses.
Celebrating 50 years in Etobicoke, where its head office is
located, the firm operates offices in Downtown
Toronto, Vaughan, Ottawa,
Kingston and Newmarket as well as US satellite
offices in Buffalo and New York City.
https://www.loopstranixon.com/about/our-firm
SOURCE Loopstra Nixon LLP
