Downtown Boston. Credit: SeanPavonePhoto/Adobe Stock National Law Firms Keep Shipping Up to Boston, Eyeing Well-Connected Local Dealmakers
Players including Covington & Burling, Blank Rome and Paul Hastings are heading in, and native firms like Choate, Hall & Stewart, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo and Ropes & Gray are targets.
May 31, 2024 at 05:00 AM
7 minute read
What You Need to Know
- In recent years, the number of Boston-based NLJ 500 lawyers practicing at non-Boston-born firms has overtaken the number at Boston-born firms.
- National entrants like Orrick, Blank Rome and Covington & Burling have contributed to this trend, seeking to capture the region's hub of life sciences and tech clientele.
- Some firms appear to open new offices without a deliberate strategy other than to follow their peers.
Boston's native legal market is sustaining aggressive recruiting by national firms, poaching homegrown transactional partners with the street credibility necessary for breaking through to the city's tight-knit business community.
In the first half of the year, Am Law 100 firms Paul Hastings and Blank Rome and Connecticut-based midsize firm Wiggin and Dana started Boston offices by recruiting local dealmakers. Those firms follow in the footsteps of Orrick Herrington & Sutcliffe and Covington & Burling, whose Boston offices were built on teams recruited from locally based firms.
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