Private Equity Lawyers Are Hot Commodity in Pittsburgh
As Pittsburgh continues to enjoy a technology and startup renaissance, the legal market is seeing more demand for private equity lawyers in the region, recruiters said.
Ronald Frank of Blank Rome said many of the deals taking place in the Pittsburgh market are relatively small, in the $5 million to $20 million range. There are also a number of deals involving seed funding for startups taking place, he said.
That’s an area where Adam Kelson, who recently joined K&L Gates‘ emerging growth and venture capital practice, specializes. He said his move in January back to K&L, where he practiced as an associate, from Saul Ewing Arnstein & Lehr was client-driven.
The activity in Pittsburgh is still not comparable to activity in larger cities such as New York, or even Philadelphia, Frank said. But there’s no question that private equity practices in Pittsburgh are bigger and busier than they were in the past, he said.
“It used to be the way you financed a young company was to go public. The [private equity] firms have taken that over,” Frank said.
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"Private Equity Lawyers Are Hot Commodity in Pittsburgh," by Lizzy McLellan was published in The Legal Intelligencer on February 23, 2018.