As Holland & Knight assesses the future of its Philadelphia office, the ripple effects of a recent talent exodus to Polsinelli are becoming apparent. Holland & Knight originally made its foray into Philadelphia’s competitive legal market in 2018 by bringing aboard 11 partners from Reed Smith. This strategic move significantly bolstered its presence in the city. However, the firm is now grappling with the departure of several of these key attorneys to Polsinelli, which is attempting to establish a foothold in Philadelphia.
This new development raises questions about the long-term viability of Holland & Knight’s Philadelphia office. The firm’s leadership is undergoing a thorough review to address these challenges and ensure continuity for its clients and remaining staff. As the impact of these moves unfolds, legal professionals are closely monitoring the situation to understand how it may affect the broader legal landscape in Philadelphia and potentially set a precedent for future office transitions.