Boston-founded firm Burns & Levinson is closing its doors, the firm announced Friday, marking the end of a 64-year legacy in the legal industry. The decision to wind down operations comes as the firm has faced a steady departure of its legal talent to larger competitors. Managing partner Paul Mastrocola stated, “Ultimately, as a partnership, we have decided that it is better for our amazing attorneys to move on to different firms where each of our practices can thrive and our clients can—and will—be well served.”
The departure of attorneys from Burns & Levinson has been particularly pronounced over the past year. The firm’s legal talent has been heavily targeted by Big Law firms expanding into the lucrative Boston market. Recently, ArentFox Schiff absorbed 17 attorneys from Burns & Levinson, while another team of 25 corporate and finance lawyers transitioned to other firms.
This move highlights the competitive landscape in Boston’s legal market, driven by the demand in the technology and healthcare sectors. As Burns & Levinson prepares to wind down its operations, its attorneys and clients are expected to transition smoothly to other firms that can provide a stable environment for continued professional growth and client service.
For further details on the closure and its impact, you can read the full article on Bloomberg Law.