Dentons' Project Golden Spike Reaches the End of the Line
The firm first announced its strategy for expansion in the U.S. in late 2019, via combinations with a firm in Pittsburgh and another in the Midwest. Three more followed, but the last addition was over three years ago.
June 18, 2024 at 04:04 PM
4 minute read
Global Law Firms
What You Need to Know
- Dentons has discontinued Project Golden Spike, a growth initiative targeting underserved geographic markets in the U.S.
- The firm's pitch to regional firms was the ability to refer clients to an international platform and benefit from the Dentons brand, while maintaining economic autonomy.
- Since 2020, Dentons U.S. has established ties with five U.S. law firms in Pittsburgh, the Midwest, the Mountain West and Alabama via Golden Spike.
Dentons' growth initiative targeting overlooked U.S. markets, which sought to "do for law and commerce in the 21st Century what the transcontinental railroad did for transportation and commerce 150 years ago," has been discontinued, sources familiar with the firm confirmed.
Named for the spike that marked the transcontinental railroad's completion, Denton's Project Golden Spike offered firms in secondary and tertiary markets an international network for referring clients and the Dentons brand while allowing firms to maintain economic autonomy in exchange for a cut of annual revenue.
Since 2020, Dentons U.S., a member of the Dentons Global verein, has established ties with five U.S. law firms in Pittsburgh, the Midwest, the Mountain West and Alabama.
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