Legal Business

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Intellectual property is the trophy practice for many firms in 2011. LB examines the current popularity of IP at law firms and the story behind a spate of lateral hires in the past year

Whisper it, but for the global legal community the demise of Howrey brought two pieces of good news. First, its collapse meant a credible competitor had fallen away in the areas of intellectual property (IP), litigation and antitrust. The other bonus was that a number of excellent IP specialists were suddenly on the market. While Howrey’s decline has been well documented, the speed with which other firms scooped up many of the survivors is worth noting.