Just as industry watchers hinted it would, interest in the Philadelphia market from non-native firms has continued, as shown by several moves in recent weeks.

Law firms that already had established offices in the area have bulked up their presence with recent hires, making targeted acquisitions focused on practice rather than geography.

According to Barbarians at the Gate, a 2018 report by ALM Intelligence, Philadelphia was among the top 10 cities for lateral moves and office openings from 2001 to 2017. But the amount of movement in the city was slow compared to locations like Houston and San Francisco. There were 917 lateral moves and 25 offices opened in that time.

Ballard Spahr's new business and finance practice chair, Peter Michaud, said his own appointment is proof "that our firm really is a national firm."

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