Early in 2019, we predicted that it would be a big year in the Minneapolis legal market for new entrants. However, we did not anticipate seven major firms arriving here or announcing they will be here very early in 2020. Here is a recap of past year’s noteworthy arrivals and what we think 2020 holds in store.
The Firms (with AmLaw 200 ranking)
The Three Firms Arriving via Merger
All three of these mergers will take effect shortly after the first of the year.
The Four Firms Arriving via Office Openings
|Firm||Month Opened||# of Lawyers at Opening||# of Lawyers on 12/31|
Greenberg has enjoyed the widest appeal since opening, attracting 13 new lawyers from five different firms.
While we are aware of additional firms that are interested in establishing a presence in Minneapolis, we have not heard of any other imminent arrivals. What is certain is that competition for top lateral partners and associates will be fierce in 2020 as these new arrivals compete with the rest of the Minneapolis market for talent.
*Taft does not report to the AmLaw 200. This position is a projection based on the firm’s 2018 revenue.