September 28, 2015 – Locke Lord’s Boston office is “stronger than ever” as a key, strategic component of the Firm’s global network of offices and lawyers who provide clients counsel on complex transactions and matters they confront on a daily basis across a wide array of practices.
As a result of Locke Lord’s merger with Edwards Wildman earlier this year, the Boston office has access to an expanded global platform from which to cross-sell the Firm’s services. In fact, Boston leads all 23 offices in the number of successful cross-sells since the merger in January.
“In this challenging legal market, we are very excited about all that we have accomplished in Boston and the Northeast in the short time since the merger,” said Locke Lord Chair Jerry Clements. “We have the team in Boston that we want. Besides the private equity, debt finance and fund formation practices, our Boston office has skilled practitioners in public finance, litigation, real estate, and tax. The Boston team also has a strong record of cross-selling legal services, an indication of the synergies Locke Lord expected with the merger.”
Recent cross-selling successes involving Boston lawyers include:
- Two Boston Private Equity/Venture Capital Partners introduced their client to a Washington, DC Regulatory Banking Partner for advice in connection with a private equity investment in a bank holding company. Prior to our 2015 merger, the client’s bank regulatory work had been handled by a competitor firm. With Locke Lord’s larger platform and expanded capabilities, we were able to successfully move all of the bank regulatory work to Locke Lord.
- A Dallas Partner cross-sold a Boston Partner to help with several of his private equity fund clients, including a large real estate fund in China, a large energy fund in Texas and an agricultural fund in California.
- A Boston Partner’s longtime financial client engaged the Firm to revise its extensive Employee Guide. The project has involved our nationwide team of Labor & Employment lawyers. In addition, the client has asked a Los Angeles Real Estate Partner to assist with an FDIC issue in California regarding the timing of flood insurance requirements in real estate lending transactions. Most recently, the Firm has been engaged by the client to handle a litigation matter in California involving a former customer.
“In Boston, we are excited about the combined Firm platform,” said Boston Office Managing Partner Matt McTygue
. “The reason there are so many cross-sells in Boston is that there is considerable demand from Firm clients for the service we can provide from here. Now we have the strength of the entire Firm behind us.
“Financially and with the depth and breadth of our practice areas, we are stronger than we have been in the city of Boston. We now have more resources available to our clients than we ever have had in our Boston office’s history.”
With the global expansion of its national and international footprint as a result of the merger, Locke Lord’s Boston office now has much broader capabilities to offer its clients in corporate/securities, energy, complex litigation, health care and finance work.
Firmwide strengths include highly-regarded legal teams in Energy, Private Equity, Venture Capital and Technology, as well as Bankruptcy, Restructuring & Insolvency, Capital Markets, Corporate, Environmental, Finance & Banking, Commercial Litigation and Dispute Resolution, Government Relations, Intellectual Property, Insurance and Reinsurance, Privacy & Cybersecurity, Real Estate, SEC Enforcement and Litigation, Tax and White Collar/Internal Investigations.
The Boston team also provides leadership talent to Locke Lord with four Partners serving as members of the Firm’s 15-member Executive Committee: Heather Stone, Walter St. Onge, George Ticknor and Jonathan Young. Two of the Firm’s five Departments are co-chaired by Boston Partners: Karl Fryzel in Tax and Daryl Lapp in Litigation.
“The Boston office is important to our Firm,” Clements said. “We are committed to growth here and are actively working with outside resources to make that happen. We are in talks with possible laterals who are very interested not only in our Boston office, but also in the platform of our entire Firm and the opportunities our prominent energy practice affords them.”
About Locke Lord LLP
Locke Lord is a full-service, international law Firm of 23 offices designed to meet clients’ needs around the world. With a combined history of more than 125 years and a greatly enhanced domestic and global footprint, Locke Lord is a worldwide leader in the middle market sector. Locke Lord advises clients across a broad spectrum of industries including energy, insurance and reinsurance, private equity, telecommunications, technology, real estate, financial services and health care and life sciences, while providing a wealth of experience through its complex litigation, regulatory, intellectual property and fund formation teams.