In a tactical shift observed among numerous Am Law 200 law firms, an intensified focus is being placed on expanding operations based in Washington, D.C. Aiming to meet the regulatory needs of their core clients beyond their original locations, these firms have started operating out of full-service offices in the U.S. capital. This is clearly a strategic effort that involves substantial commitment in terms of investment on the part of the firm.
A case illustrating this dynamic is that of Willkie Farr & Gallagher. Having experienced an almost 40% expansion in the last three years, the firm now boasts nearly 126 full-time-equivalent lawyers in Washington D.C. by the end of June 2023. This significant growth over a relatively short period shines a light on the opportunities and challenges encountered when a law firm decides to expand beyond being just a branch for servicing institutional clients to becoming a fully-equipped office with litigation, corporate, and regulatory capabilities.
The New York-based firm’s notable expansion is a testament to the allure and practicality of moving beyond being a mere outpost in D.C. Indeed, it illustrates the benefits of transforming into an entity capable of handling litigation, corporate, and regulatory affairs. Moving forward, it will be fascinating to monitor how this strategic transition impacts the operations and bottom line of law firms making this strategic shift.