(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.

Buildings with lights on at night by the water

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.”

author-bio-image author-bio-image
William Sugarman

William Sugarman is the president and founder of Astor Professional Search. He engages in the successful placement of attorneys with local, regional, and international law firms and corporations. Bill’s extensive legal and business development experience give Astor an edge over other legal recruiters nationwide. At the cornerstone of Bill’s strategic philosophy is providing the highest level of personalized attention to his clients and attorney candidates. This is also a key factor that separates Astor from other legal search firms, and it consistently delivers legal placements year after year.

Years of Experience: More than 20 years

Share it here
Related Posts
13 Feb Law Firm Revenue, Profits Up in 2017, Wells Fargo Report Finds
Law Firm Revenue, Profits Up in 2017, Wells Far...

Law firm financial performance finished 2017 on a positive note, with a larger segment of the legal market contributing to upward tr...

29 Dec 2015 Reports: Best Law Firms for Women
2015 Reports: Best Law Firms for Women

The annual “Best 50 Law Firms for Women” list, released mid-year by Working Mother magazine, remains one of the key...

03 Feb ‘Big Law’ Firms See Continued Increase in Lateral Partner Moves
‘Big Law’ Firms See Continued Incre...

Partner moves were at their highest count yet in 2015, the “strongest year since 2009 for lateral partner moves at big law fir...