L-R: Matthew G. Summers and Dominic J. De Simone of Ballard Spahr, and Matthew Taylor of Duane Morris. Courtesy photos. Big Law Is Reorganizing to Fit Clients' Turbulent Business Cycles
"Transactional practices were hot for the last two years and we're now adjusting," said Matthew Summers, who co-leads Ballard's recently formed group and serves as co-leader of the firm's bankruptcy and restructuring group.
September 15, 2022 at 05:08 PM
5 minute read
Some of Pennsylvania's largest law firms are reorganizing their practices into industry-targeted groups to address the recession anxieties and opportunities of their largest institutional clients, local firm leaders said in recent interviews.
Ballard Spahr went public last week with a "distressed assets and opportunities" group, while Duane Morris, which has made an effort to increase its energy clientele in 2022, now seeks to cross-sell real estate and environmental legal counsel to energy clients, who leaders at the firm say are increasingly interested in the divesting of property assets.
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