Law.com Compass: ALM Market Analysis Report Shows Opportunities Abound for Big Law in Denver
Report takes in-depth look at historical data on the largest law firms with a presence in the Metro Denver area, as well as the business climate in which they operate
August 01, 2023 at 12:00 PM
4 minute read
Driven by its corporate-friendly taxation system, burgeoning status as a hub for VC investment, and a maturing legal marijuana industry, Denver is becoming an increasing draw for Big Law. In 2022 alone, attorney headcount at NLJ 500 firms in the Metro Denver area increased 8% to 2,310 lawyers. Since 2018, the number of attorneys at NLJ 500 firms in Denver has increased by 13%, primarily driven by the continued expansion and growth of firms based outside the region.
Further, since 2018, total headcount has grown 26% across these newly entered firms. Attorney headcount in Denver at NLJ 500-sized law firms recovered with an 8% increase overall in 2022 after modest growth in 2021, and firms HQ'd in Denver saw a 4% growth in headcount in 2022 and a 7% increase in headcount over three years.
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