Literary agents Robin Straus and Andrew Nurnberg, who each run their own eponymous firm, have joined forces to acquire the Wallace Literary Agency. The Wallace Agency was overseen by its founder Lois Wallace, until her death in April. Jeff Hoffman, who has been at the Wallace Agency for 18 years, will remain on staff.
In a release about the news, Straus said the deal marks a continuation, in many ways, of business as usual. Nurnberg's agency has been handling foreign rights for Wallace's clients for over 30 years, while Straus is intimate with Wallace's business from having been v-p of the Wallace agency in the 1980s.
The announcement read: "Together, we know many of the agency's clients personally--in fact several contracts Robin made while working with Lois are still active."
The deal went into effect on August 1, 2014. Straus said that, moving forward, the goal will be to represent Wallace's clients "with active, ongoing energy and the global reach that is so important these days." She continued: "We will look for opportunities for backlist titles and placing new works. In this way, we shall honor Lois's legacy and do our utmost for the benefit of her authors."