Tim Powers in American Lawyer: Firms Elbow Each Other for Growth as Denver Market Stays Hot
While other regional centers have seen a hollowing out of their local legal markets, Denver seems to be bucking the trend, with several firms in the midst of a growth spurt. And while some market observers question whether the city is near its saturation point, the competition for top talent isn't letting up...
Haynes and Boone, which opened a two-partner office in January 2015, now has six partners and 15 lawyers. The firm hoped to take advantage of the rapid expansion of the region's oil and gas industry, which is now the second largest in the country, but the bottom fell out of the oil markets six months later.
Still, the firm has continued to add talent. "We are very pleased with our growth in Denver," said managing partner Timothy Powers. The firm has added lawyers in the energy area, as well as in intellectual property and litigation, and is relocating a private equity partner from Dallas to Denver. "We believe we have major upside in that area, too," Powers added.
Excerpted from American Lawyer. To read the full article, please click here.