Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Philadelphia’s Dechert is the latest out-of-towner to set up shop in San Francisco. The firm officially opened its local digs Jan. 9. The three-attorney office at One Maritime Plaza will focus on commercial real estate finance. Dechert is the fifth big Philadelphia firm to come to the Bay Area in the past five years. Cozen O’Connor; Duane Morris; Drinker Biddle & Reath; and Schnader Harrison Segal & Lewis have all set up local practices, along with more than 50 other firms based outside the Bay Area. Dechert has offices in 14 cities, including a 2-year-old office in Newport Beach, Calif. The firm said it doesn’t plan to compete with local firms. “We’re using this office to basically fulfill the needs of clients in California and the Western region,” and we will do work for clients all over the United States, said Joseph Heil, who rejoined Dechert as a partner to lead the San Francisco office. “We’re not competing with local firms but with national firms with national practices.” Heil was with Dechert for 10 years before leaving in 1998 to become chief legal officer of Capital America/Nomura Asset Capital Corp. He subsequently co-founded Precept Corp., a commercial mortgage loan origination system connecting commercial real estate lenders, borrowers and mortgage brokers. In addition to Heil, the San Francisco office includes counsel David Linder and associate Steven Rivers. Linders also is rejoining Linder after a four-year stint as a banker at Capital America. Rivers previously served as Precept’s general counsel. While Dechert plans to grow the office, Heil said it would initially be devoted solely to commercial real estate finance. “For now our specific plan in California is to grow this specific practice.” The 750-lawyer Dechert has 100 lawyers in its finance and real estate team. According to Recorder and law.com affiliate The American Lawyer magazine, in 2001 Dechert had gross revenue of $344 million and profits per partner of $765,000.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

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


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.