Out-of-State Firms Look to Phila. for Core Practice Building Blocks
Offit Kurman Featured in the Legal Intelligencer
Lizzy McLellan, The Legal Intelligencer
National and regional law firms have recently looked to Philadelphia as a source for legal talent and access to clients on a quest to beef up their core practices.
Several firms of various sizes have shown an interest in the Philadelphia legal market in the past few months, and some have been vocal about their plans to expand in the city.
Most recently, Hogan Lovells announced that it signed an 11-year lease in an expanded Philadelphia office space as part of its plans to grow in the city. The Philadelphia office recently added to its life sciences, capital markets and mergers and acquisitions practices. Office managing partner Virginia A. Gibson said the office will likely reach 30 lawyers in the near future and 45 within the next five years.
Baltimore-based Offit Kurman has also made its interest in the region known, opening a suburban Philadelphia office at the end of last year, with the addition of two lawyers from local firm Kaplin Stewart Meloff Reiter & Stein. It already had an office in Philadelphia with nearly 30 lawyers. Co-founder and managing principal Theodore Offit said Philadelphia could become the firm's largest office.
For Offit Kurman, which entered the market in 2006, Philadelphia is part of a plan to regionalize the firm. All of the firm's offices are located between New York and Tysons Corner, Virginia.
And Cooley said its hires in Philadelphia, while not indicative of an office opening there, were key to the firm's growth in the mid-Atlantic region.
D'Amore said that approach is not uncommon, as firms aim to build a "critical mass" before fully committing to a new location. He said Philadelphia is sometimes seen less clearly by those who are within the market. -Lizzy McLellan, The Legal Intelligencer
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