Want to get this daily news briefing by email? Here’s the sign-up.


SECOND CITY, FIRST CHOICE - In a year defined much more by its office shutdowns than its office openings, Chi-Town remained a sought-after destination for law firms looking for growth opportunities. As Law.com’s Andrew Maloney reports, New York-based Willkie Farr & Gallagher; Detroit-based Dickinson Wright; Milwaukee-based von Briesen & Roper; Washington, D.C.-based Venable; and New York-based financial services boutique Murphy & McGonigle all opened in the city during the pandemic. Like other markets, Chicago saw a dip in lateral and merger growth in 2020, said Kent Zimmermann, a Chicago-based law firm consultant at Zeughauser Group. But the city remains an attractive option for law firms because it has a surplus of attractive sectors, such as private equity and life sciences, and because of its profit potential. ”It’s on a shortlist of cities where you can command healthy rates. You can raise your rates relatively quickly,” Zimmermann said in an interview. “And it’s perceived as less picked-over, in terms of both high-quality lawyers and high-quality firms to join forces with.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]