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Holland & Knight Seeks Further Growth
Despite a negative experience after its previous growth campaign, Tampa, FL-based Holland & Knight is seeking to increase it 30-attorney San Francisco office by 100 lawyers. The quest is part of a grander effort to grow on the West Coast. Holland & Knight's hope is to gain at least one regional firm, or a national firm's local branch. Firmwide Managing Partner Howell Melton, Jr.'s goal is to have the West Coast offices grown from 125 attorneys to 500 before the end of his term in 4 years.
According to consultants, however, it might not be so easy to find appropriate partners, since the market in California is so competitive. Another factor is that the firm offers comparatively low per-partner profits. There are 1263 attorneys that are spread in offices from Rio de Janeiro to Helsinki ' 36 in total ' and The American Lawyer has listed these profits at the bottom of the top 100 law firms steadily. But Melton has stated that the standings on the list have no reflection on the capability of the firm to offer some of its markets the highest return. He also says that the firm has good prospects for a merger.
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