Source: Delaware Law Weekly
By Tom McParland
Of the nation's 100 top-grossing law firms, 21 operate offices in Wilmington, highlighting both the prominence of Delaware's legal market and the influence national firms have been able to exert in the First State.
Growth in Delaware has been "slow and steady," said Meredith E. Frank, managing director for the legal recruiter Major, Lindsey & Africa. Offices in the state are mostly insulated from the pull of mass acquisitions, with "organic growth" occurring through lateral hires.
"For any firm to have any level of growth, there has to be a high level of involvement in the community and the bar," Frank said. "I think that's the ideal model."
Though office openings for top national firms have been rare over the past couple years, with a strong corporate litigation scene, a growing need for attorneys on the transactional side and an anticipated upturn in IP filings, Delaware will be on the radar for more top earners, she said.
"I expect more office openings in the next year or two years," Frank said.
Read more of this feature at Delaware Law Weekly.