Pepper Hamilton Grows Revenue 5.4 Percent
With regard to the latter, the firm opened a Silicon Valley office in November with three intellectual property partners from Goodwin Procter.
The office, located in Redwood City, Calif., is the firm's third California office after Los Angeles and Orange County.
Gregory S. Bishop, who specializes in complex patent litigation, joined as partner in charge of the new Silicon Valley office.
Thomas F. Fitzpatrick joined as co-chair of the firm's IP litigation practice, working with existing practice co-chairmen Paul J. Kennedy, a Philadelphia partner, and Goutam Patnaik, a Washington, D.C., partner.
And Andy H. Chan joined as a partner in the IP department.
Green said that while the Silicon Valley office is still young, the new hires are already working on matters for the firm, including helping to prepare for several trials scheduled for the end of February.
One practice area that finished 2012 on a high note but did not maintain that upward trajectory throughout 2013 was corporate transactional, Green said, describing the practice as "lumpy."
According to Green, the firm started the year strong, representing Managed Health Care Associates Inc. in its acquisition by Roper Industries Inc. for about $1 billion.
But the practice slowed down dramatically in the summer months, a slump Green attributed to the fact that much of the corporate work that kept attorneys busy at the end of 2012 was part of a one-time, tax-driven phenomenon. Green said the firm staffed up to meet the demand and was able to keep its corporate attorneys busy during the first quarter of the year thanks to the Managed Health Care Associates transaction, but once the work dropped off in the second quarter, the firm found itself overstaffed in that area.
"In July, we were wondering whether we were making the right decision" by not cutting headcount, Green said, but added that when transactional work picked up again in the third and fourth quarters of 2013, the firm was glad to have those lawyers.