What's with all the new SF offices? Forum

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What's with all the new SF offices?

Post by Anonymous User » Thu Aug 04, 2022 1:25 am

Deb, Paul Weiss, Wilmer, Cleary, and I'm sure several other firms have opened up offices in SF since 2019. What's driving this? Seems like they're mostly lit-focused and mostly catering to mature tech clients, but why now? Also, does anyone have vibes on these offices--I've heard chatter about Deb being a growth center and PW has some strong lit talent, but I don't know much more about them.

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Re: What's with all the new SF offices?

Post by SamuelDanforth » Thu Aug 04, 2022 2:10 am

Why did John Dillinger rob banks?

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Re: What's with all the new SF offices?

Post by Anonymous User » Thu Aug 04, 2022 2:38 am

Interviewed with a firm that opened an SF office in the past two years, the associate there said theres a ton of regulatory and advisory work coming in. They said the SF office was the busiest one for 2021

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Re: What's with all the new SF offices?

Post by Anonymous User » Thu Aug 04, 2022 1:13 pm

at one of the new sf offices and happy to answer any questions. don't want to be specific about which one considering we have barely any attorneys in our office

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Re: What's with all the new SF offices?

Post by Anonymous User » Thu Aug 04, 2022 5:23 pm

That’s not that many firms. I think 20-30 firms have opened Boston offices since 2017 or so. Firms probably just want to expand their tech reach in SF.

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Re: What's with all the new SF offices?

Post by Anonymous User » Thu Aug 04, 2022 6:47 pm

Anonymous User wrote:
Thu Aug 04, 2022 5:23 pm
That’s not that many firms. I think 20-30 firms have opened Boston offices since 2017 or so. Firms probably just want to expand their tech reach in SF.
I think the point is more so that the timing is weird. The tech industry isn't new, and the Bay Area has been a major legal market for decades, so why now? I don't know much about Boston's legal market, but the situation there seems to be more easily traceable with growing industry.

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Re: What's with all the new SF offices?

Post by Anonymous User » Thu Aug 04, 2022 6:55 pm

I think in general firms have been getting used to multiple satellite offices scattered around the country. It's practical, and with increased remote/hybrid work, more feasible.

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Re: What's with all the new SF offices?

Post by Anonymous User » Fri Aug 05, 2022 10:48 am

May have something to do with the size and frequency of tech acquisitions in recent years, think Slack, One Medical, Activision and countless smaller acquisitions. Big techs have been on a buying spree for a few years now but it takes a while for firms to catch up with opening new offices, much like firms opening SF/SV offices around 2000.

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Re: What's with all the new SF offices?

Post by Anonymous User » Mon Aug 08, 2022 2:07 pm

See all those explanations would make sense if we were talking about these offices being primarily transactional, but they're really not. Almost all of them are litigation-focused and specifically internal investigations-focused (see, e.g. Jenner). Is SF just the new frontier for high-stakes litigation and white collar work?

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Re: What's with all the new SF offices?

Post by Anonymous User » Mon Aug 08, 2022 2:51 pm

Anonymous User wrote:
Mon Aug 08, 2022 2:07 pm
See all those explanations would make sense if we were talking about these offices being primarily transactional, but they're really not. Almost all of them are litigation-focused and specifically internal investigations-focused (see, e.g. Jenner). Is SF just the new frontier for high-stakes litigation and white collar work?
Huh interesting. I don't have SF knowledge but my impression (based on vibes and seeing a handful of new offices) is that it's easier to open a new office with litigation folks than with transactional. And the after it's established they tent to staff up transactional.

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