Midsize Merger Brings Arent Fox to Booming Boston
Washington, D.C.-based Arent Fox is joining forces with 55-lawyer Posternak Blankstein & Lund, and becoming the latest Am Law 200 firm to build a Boston beachhead.
December 18, 2018 at 05:00 AM
4 minute read
In a year that saw Big Law eagerly ship up to Boston, Washington, D.C.-based Arent Fox is arriving in Beantown in a merger with local, 55-lawyer Posternak Blankstein & Lund.
The merger, which the firms announced Tuesday, will officially go live Jan. 1, 2019, marking a major northeast expansion for Arent Fox and offering the latest evidence of Boston's hot legal market.
Still, Arent Fox firmwide managing partner Cristina Carvalho said the move was less about geography and more about the synergies between the two law firms.
“We weren't exactly looking at Boston specifically,” Carvalho said. “But Boston does meet our strategic goal of being in gateway cities with very strong practices where we excel in … in that respect Boston checks the box,” she added.
Founded in 1980 in Boston, Posternak specializes in business transactions and complex litigation. Carvalho noted that the firm, like Arent Fox, also has particular practice strength in real estate, finance and bankruptcy, as well as strong life sciences, intellectual property and biotech practices that are aligned with Boston's booming industries.
“We have similar cultures and similar philosophies and similar practice focus, so the combination of Arent Fox and Posternak made complete strategic sense for both firms,” Carvalho said.
With the merger, Arent Fox will now have more than 450 attorneys across its offices in Washington, D.C., Los Angeles, New York, San Francisco and Boston focusing on regulatory, transactional, intellectual property and litigation work.
Posternak managing partner Ira Deitsch, who joined the firm just after its founding nearly 40 years ago, will continue to lead the group as Boston managing partner with Arent Fox.
“Being a midsized firm, we don't have the breadth of practice or the number of people practicing in areas that Arent Fox has,” Deitsch said. ”For example, [we] have a lot of clients in life sciences, biotech [industries] who have needs that we can't serve from Boston.
If a client needed clearance from the Food and Drug Administration for a medical device, for example, Posternak couldn't provide FDA regulatory counsel from its singular office in Boston, Deitsch said. Arent Fox also has a broader IP platform that will let the office offer more support in patent and trademarks, he noted.
“We look at it as we're a smaller version of Arent Fox, and now we can become the bigger version that Arent Fox already is,” Deitsch said.
Arent Fox's entry into Boston caps a busy couple of years for the city's legal industry.
In May 2017, Kirkland & Ellis opened an office in the city's Bay Back neighborhood. Hogan Lovells followed, merging with local litigation boutique Collora while Womble Bond Dickinson opened its own office with a trio of McCarter & English IP partners. Earlier this year, Quinn Emanuel Urquhart & Sullivan opened an office in Boston with three of its IP litigators
The combination between Arent Fox and Posternak also helps cement 2018 as a record year for law firm combinations.
Through the third quarter of 2018, there have been 79 law firm tie-ups announced, according to data released by Altman Weil. So far, there have been 21 law firm mergers in the final quarter of 2018, according to Altman Weil's MergerLine tracker.
READ MORE:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All'Further Investment in Power' Will Drive Big Law Business—But What About Clean Energy Projects?
6 minute readLegal Departments Gripe About Outside Counsel but Rarely Talk to Them
4 minute readAs Profits Rise, Law Firms Likely to Make More AI Investments in 2025
Trending Stories
- 1Call for Nominations: Elite Trial Lawyers 2025
- 2Senate Judiciary Dems Release Report on Supreme Court Ethics
- 3Senate Confirms Last 2 of Biden's California Judicial Nominees
- 4Morrison & Foerster Doles Out Year-End and Special Bonuses, Raises Base Compensation for Associates
- 5Tom Girardi to Surrender to Federal Authorities on Jan. 7
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250