Luring National Law Firms to Nashville

The Nashville Business Journal recently asked area law firms to predict when a national Top 25 law firm might set up office in Nashville, and what might be the catalyst for such an entrance into the market. Most agreed that it would happen within five to 10 years due to the millions of dollars of investment money that has flooded the city and created new opportunities for businesses. “Law firms expand into areas where there is opportunity,” said Scott Carey, managing shareholder for Baker Donelson Bearman Caldwell & Berkowitz. “Nashville is certainly a city on the rise…” he said. Larry Papel, managing partner at Nelson Mullins Riley & Scarborough had less than optimistic views, however. “The ‘Top 25’ U.S. law firms...are not likely to open offices in Nashville in the near future,” he said. “Those firms play on the global stage...work on a 24-hour basis and are involved in transactions that most local, statewide or regional firms do not have the resources to lead or manage.” Read more here (subscription required).