Consistent with an emerging trend among leading law firms, the Am Law 200 has witnessed a surge in Intellectual Property (IP) litigation hires this week. This coalescing consensus identifies IP practices as a notable growth area for 2024. Law firms are strategizing to further bolster their overall growth by capitalizing on this burgeoning opportunity, as reported by various firm leaders and industry pundits.
Esteemed law firms like Sidley Austin; Orrick Herrington & Sutcliffe; Squire Patton Boggs; and Sheppard, Mullin, Richter & Hampton have all proclaimed the acquisition of new IP lateral partners this week. This marks a significant act of investment in the IP field by these firms, hinting at an optimistic future prediction.
This string of announcements underlines the sentiment expressed by Spencer Fane chair Pat Whalen, citing that “Growing with the right people begets more growth”. Amplifying this ethos, law firms seem confident in the potential IP practices hold, steering their growth strategies in this direction.
The complete report, which offers deeper insights about law firms’ ongoing approach to IP hires can be accessed here.