Burns & Levinson signed a lease for around 100,000 square feet in Boston's financial district in 2019. The firm now has fewer than 60 attorneys. Credit: SeanPavonePhoto/Adobe Stock Merger Prospects Alive But Dwindling for Burns & Levinson
The midsize firm could act as another firm's entrance point to Boston, but an aging partnership, low leverage, rate-constrained practices and a major lease obligation present challenges.
July 29, 2024 at 05:00 AM
6 minute read
Law Firm Mergers
The original version of this story was published on The American Lawyer
What You Need to Know
- Burns & Levinson remains in merger talks after nearly half of the firm's attorneys departed in the past four months.
- The firm is unlikely to attract an Am Law 200 merger partner in its current form, observers said, but could still merge with a firm of similar profitability that's looking to enter Boston.
- Being open-minded about methods of strengthening the firm could improve Burns & Levinson's position, recruiters and consultants said.
On a walking tour of Boston from the Tea Party Ships & Museum to Post Office Square, you'd pass by the office of Burns & Levinson.
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