Opening a boutique law firm as a subsidiary, a move consultants have called rare and possibly unique to St. Louis-based Lewis Rice, is likely to remain unheard of in Pennsylvania, based on firm leaders’ reactions.
Pennsylvania firm leaders said opening a second law firm focused on a particular practice area seems to offer few benefits. In contrast, they said, opening subsidiary businesses to provide nonlegal services, a more common occurrence, can greatly benefit a law firm.
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