Biglaw firms are intensifying their efforts to expand in Boston, causing significant talent attrition for local firms. According to Bloomberg Law, midsize firm Burns & Levinson has faced notable departures, losing nearly 50 attorneys since April. Amid this exodus, Burns & Levinson is exploring merger prospects to stabilize and grow.
In a statement, the firm expressed optimism about looking into growth options through high-level lateral hires or combining with another firm that aligns with their values. However, Kent Zimmermann, a law firm management consultant at Zeughauser Group, provided a contrasting perspective in an interview with American Lawyer. He suggested that firms typically seek mergers when they are in weaker positions, rather than when they feel robust enough to grow incrementally.
The significant departures have included partners, counsel, associates, and patent agents lured away by larger firms like Blank Rome, ArentFox Schiff, and Locke Lord. Burns & Levinson’s current strategizing to mitigate the impact highlights the competitive pressure midsize firms face from Biglaw’s aggressive recruitment in key markets.
As Burns & Levinson navigates this challenging period, the outcome of their merger talks and other growth strategies will be crucial in determining their future trajectory in Boston’s legal landscape.
For further details, you can read the full article on Above the Law.