It has been reported to us by our Network Agents that IP Partners from existing Milwaukee firms are in talks with a major international AM firm to open its doors in Milwaukee.
We have learned that these “IP Rainmakers” are joining forces to create a new “Dream Team” to partner up with this prestigious AM firm to create one of the nation’s strongest IP Practice groups in the country. In smaller legal marketplaces such as Milwaukee it’s no secret that the legal marketplace is controlled by a few firms that have not been forced to compete. Our Network Agents tell us that this could be all changing, as this new addition to the Milwaukee marketplace will bring a new partnership structure which will result in higher Partner equity distributions and Associate salaries that will be equivalent to Associate salaries in NY, DC, and Chicago.
IP Buzz will be following this story closely as this development could have major impact on the Milwaukee IP marketplace.