Project Golden Spike – A new US model to connect talent to opportunity, coast to coast
On October 7, 2019, Dentons US, Bingham Greenebaum and Cohen & Grigsby announced a proposed combination and a new partnership that will enable the firms to build a new national law firm capable of serving clients from coast to coast in a seamless fashion. This combination represents the first step in forming the first truly national law firm in the US.
One firm, dual partnership …
The firms have proposed forming a national law firm using a dual partnership model that allows lawyers to be members of both their current firm and the new national partnership in which Dentons US, Bingham Greenebaum and Cohen & Grigsby are foundational partners. The firms call their model “Golden Spike” in honor of the celebratory railroad spike that completed the first transcontinental railroad in the US.
The model enables member firms to maintain their existing partnerships or corporate structures, leadership teams, and other key attributes, meaning that they will reap all the benefits of a global firm without losing their local relationship with clients.
…that serve clients better
Clients benefit from a national firm that is able to serve them throughout the country and across the world, while continuing to be served by lawyers they know, who can connect them to lawyers across the country and around the world. The new national firm will enable member firms to capitalize on economies of scale in technology investments that will lower costs and improve service. Clients will also benefit from the greater specialization that the combined member firms will provide.
A polycentric approach that provides in and of the community insight
As the world’s first truly polycentric global law firm, Dentons delivers high-quality legal counsel and business solutions around the world, informed by an in-depth understanding of the various cultures and legal environments in which its clients operate.
Building on Dentons' global polycentric model, the partners of Dentons US, Bingham Greenebaum and Cohen & Grigsby bring that polycentric approach to the US to connect clients to talented lawyers who are in and of their community, coast to coast and around the world.
Meeting the demand for a national full service law firm in the US
US law firms are all small compared to the size of the national market, which makes up 47% of all outside corporate legal spend in the world. Not a single one of the largest full service firms are even in the top twenty US markets, let alone the top one hundred, even though they all have significant outside corporate legal spend. A particularly surprising fact, given the distribution of the country’s largest private and publicly held companies from coast to coast.
This absence of a truly national US law firm persists despite the fact that clients want to reduce the number of law firms they use and partner with a firm that has the necessary scale to meet the multitude of specialties required in today’s global market.
An invitation to other law firms to begin building the first truly national US law firm
The combination is the first step in forming the first truly national law firm in the US. Dentons US, Bingham Greenebaum and Cohen & Grigsby are inviting other premier firms around the US to join with them.
A Note to Our Clients
The Golden Spike model will improve the quality of legal service by providing clients access to the talent, teams and tools they need, at scale.
The US conundrum
Despite the size of the US legal market, there is no truly national US law firm. Not a single one of the largest full service firms are even in the top twenty US markets, let alone the top one hundred, even though they all have significant outside corporate legal spend. Read More
The success of the polycentric proposition
Dentons’ polycentric approach is the key to its success. By clearly articulating its foundation, goal, strategy, vision and purpose, it has created a law firm that delivers objectively better service to its clients and a qualitatively different work experience for its lawyers. www.dentons.com.
Dentons is the world's largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons' polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work.
About Bingham Greenebaum
Bingham Greenebaum is a premier regional business and tax law firm, based in the Midwest. The firm has helped its client’s close deals, manage risks, and open doors to new opportunities for more than 100 years. Bingham Greenebaum provides transactional, litigation, estate planning, tax and employee benefits, and economic development advice to clients across a variety of industries and business sectors. The firm’s client base is diverse and contains regional, national, and international engagements. The attorneys at Bingham Greenebaum serve clients in the communities where they live and work, with locations in Indiana, Kentucky, and Ohio. For more information, visit www.bgdlegal.com.
About Cohen & Grigsby
Cohen & Grigsby, P.C. and its attorneys provide sound legal advice and solutions to clients that seek to maximize their potential in a constantly changing global marketplace. Comprised of more than 140 lawyers, Cohen & Grigsby maintains offices in Pittsburgh, PA and Naples, Fla. The firm’s practice areas include Business Services, Labor & Employment, Immigration/International Business, Intellectual Property, Real Estate & Public Finance, Litigation, Employee Benefits and ERISA, Estates & Trusts, Bankruptcy & Creditors Rights, and Public Affairs. Cohen & Grigsby represents private and publicly held businesses, nonprofits, multinational corporations, individuals and emerging businesses across a full spectrum of industries. Our lawyers maintain an unwavering commitment to customer service that ensures a productive partnership. For more information, visit www.cohenlaw.com.
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Today Dentons US, Bingham Greenebaum and Cohen & Grigsby announce a proposed combination and a new partnership that will enable the firms to build a new national law firm capable of serving clients from coast to coast as well as around the world. This combination represents the first step in forming the first truly national law firm in the US.