Last month, we reported on a midsize Boston firm, Burns & Levinson, that experienced a significant loss of legal talent. The firm lost approximately 50 attorneys, spanning roles from partners to patent agents, to larger Biglaw firms eager to establish a presence in Boston. Presently, Burns & Levinson is actively seeking a merger partner to stabilize its future, although the prospects appear increasingly challenging.
The firm’s difficulties are exacerbated by a decade-long lease on a 100,000-square-foot office—a space far larger than the industry average, according to American Lawyer. This commitment, coupled with an aging partnership and rate-constrained practices, has placed them in a precarious position. Boston-based Major, Lindsey & Africa partner Robert Zinn suggests that a merger with a middle-market firm seeking an entry into Boston’s competitive legal market could provide a lifeline.
However, the firm faces skepticism from potential suitors. Phil Morimoto, CEO and founder of Boston Executive Search Associates, shared with Am Law that many within the legal community are dubious about Burns & Levinson’s future, commenting that the firm has been “picked over,” which diminishes its attractiveness for merger opportunities. Additionally, the firm’s partnership predominantly comprises senior attorneys with fewer than eight partners having under 20 years of experience.
Paul Mastrocola, Burns & Levinson’s managing partner, remains noncommittal about the specifics of merger discussions, citing confidentiality. As the firm navigates this critical juncture, its decisions in the near term could determine its future viability in the Boston legal market.
For more information on the evolving situation at Burns & Levinson, see coverage from Above the Law.