AVAILABLE OPPORTUNITIES (312) 781-9000
26 Feb

Majority of Houston-Based IP Boutique to Go to Polsinelli

by: Astor Professional Search

The “vast majority” of lawyers and staff from Houston-based IP boutique Novack Druce Connolly Bove & Quigg will be absorbed into the fast-growing Polsinelli, according to recent reports by The American Lawyer.

Polsinelli chairman and CEO Russell Welsh told The American Lawyer that acquisition by Polsinelli, which currently has just over 700 attorneys, will enhance their already “robust IP practice,” especially in the burgeoning area of post-grant patent reviews (as quoted in The American Lawyer).

Novak Druce, which had 140 attorneys in 2012, has been losing “a stream of partners to competitors,” The American Lawyer reports, including Drinker Biddle, Reed Smith, and Dykema Gossett.  This mirrors the ongoing trend for intellectual property boutiques in the recent years, many of which have been struggling and have since been absorbed into or have had partners taken by mid-sized, full-service firms like Polsinelli.

Ranked the fast-growing firm for the seventh year in the row, Polsinelli has experienced continued success in their expansion efforts, with revenue rising 11.4 percent in 2015 (The American Lawyer).  Their now-proven strategy is to concentrate growth in low overhead markets in order to compete for health care work and other “price-sensitive assignments.”  Todd Dickinson of Novack Druce’s executive committee agrees with their method, telling The American Lawyer that Polsinelli utilizes a “Midwest sensibility about rates that’s client friendly.”

Share it here
Related Posts
02 Aug The AmLaw 2018 A-List Rankings: Top 20 and Runners Up
The AmLaw 2018 A-List Rankings: Top 20 and Runn...

The American Lawyer released its annual A-List rankings of the top 20 “most well-rounded” law firms in...

06 Nov Collaboration Between Law Firm Partners Encourages Client Loyalty and Business Development
Collaboration Between Law Firm Partners Encoura...

Professor Heidi Gardner of Harvard Law School presented her research at the 20th Annual Law Firm Leaders Forum in early October, whe...

28 Sep The Pros and Cons of Global Law Firm Growth
The Pros and Cons of Global Law Firm Growth

According to Am Law Daily, mixed opinions were exchanged last week at the International Bar Association’s annual conference, regardi...