For decades, New York’s bright lights and iconic skyline have lured in outsiders who dream of making their fortune in Manhattan. Washington, D.C., law firms are no exception.
D.C. shops have spent millions trying to establish and expand their brand in New York, and they will spend millions more in coming years. Earlier this year, Covington & Burling committed more than $200 million to a 20-year lease in one of Manhattan’s most glamorous buildings. A few blocks northeast, Dickstein Shapiro signed its own $8-million-per-year lease, with a goal of doubling head count in key practice areas over the next five years. Arnold & Porter, despite years of lackluster growth in New York, has grabbed another floor in its midtown digs, upping its yearly New York nut by a couple of million. Even Crowell & Moring, which just got to town, is already looking to upgrade its address.
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