The litigation boutique, founded in January 2017, announces more partner hires
It has been a busy week for litigation boutique Pierce Bainbridge Beck Price & Hecht, which has just welcomed four new partners to its offices in New York and Washington, D.C.
On 24 October it was announced that Patrick Bradford and Craig Bolton were joining the firm’s New York office; Bradford was the first black equity partner at Davis, Polk & Wardwell, and Bolton was a senior associate at Wilson Sonsini Goodrich & Rosati. Yesterday, the New York office also welcomed Paul, Weiss, Rifkind, Wharton & Garrison associate Jeffrey Newton, while Tillman Breckenridge arrived at the Washington, D.C. office after being counsel at Reed Smith.
This dynamism may reflect the restlessness of founder John Pierce, who set up Pierce Bainbridge in January 2017 after a 20-month stint at Latham & Watkins followed by less than half a year at K&L Gates. Pierce also spent over seven years at Quinn Emanuel, where he honed his litigation skills and made partner in the process; he came out with fighting words in August, when he said in an interview with The American Lawyer: ‘within five to seven years we’re going to replace Quinn Emanuel as the next dominant global litigation firm, no question.’
Pierce Bainbridge’s new partner hires are all fairly young; time will tell if the firm, which has indicated that it does not wish to compete on prices but is willing to be flexible, can build and sustain a premium client base. In any case, the relative youth of the team fits with managing partner Pierce’s desire to ‘build a law firm for the digital age’. The firm’s rapid growth is due in no small part to backing from litigation funder Pravati Capital, preliminary evidence that the litigation funding market is strong enough to sustain not only individual dockets but entire firms. We’ll be watching this space with interest to see how many other boutiques tread this financing path.