Pennie & Edmonds
Encyclopedia
Pennie & Edmonds was a New York City
-based boutique law firm that focused on all aspects of intellectual property
law. The firm practiced from 1883 until December 31, 2003, when it dissolved.
The firm's dissolution came in the wake of boutique IP firms losing ground to general-practice firms – and, perhaps more acutely, the loss of key rainmakers, mostly patent litigation partners who took their clients to full-service firms (see book of business
).
The loss of rainmaker Jonathan A. Marshall, a litigator with clients such as Hewlett-Packard
that decamped to Weil Gotshal & Manges in 2002, augured badly for Pennie & Edmonds. With the firm's lease up for renewal and the firm's partners unwilling to personally guarantee it, Pennie & Edmonds began talking to other firms with a view toward a merger. In the end, the firm's partners voted to dissolve. The Palo Alto office joined Morgan, Lewis & Bockius, a rapidly expanding Philadelphia-based firm, while much of the New York office joined national firm Jones Day
.
Ironically, Marshall has since rejoined another IP boutique firm, Fish & Richardson
, which has been rapidly expanding into the General Practice arena.
Former Pennie & Edmonds employees have created a group on Facebook which enables them to stay in touch and schedule reunions. http://www.facebook.com/profile.php?id=516745650&ref=profile#/group.php?gid=22002598763
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
-based boutique law firm that focused on all aspects of intellectual property
Intellectual property
Intellectual property is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized—and the corresponding fields of law...
law. The firm practiced from 1883 until December 31, 2003, when it dissolved.
The firm's dissolution came in the wake of boutique IP firms losing ground to general-practice firms – and, perhaps more acutely, the loss of key rainmakers, mostly patent litigation partners who took their clients to full-service firms (see book of business
Book of business (law)
Book of business is common parlance in the United States legal services sector and refers to the collection of clients that a lawyer has assembled throughout his or her career. It is often used to refer to the valuation of such client following.Since most U.S...
).
The loss of rainmaker Jonathan A. Marshall, a litigator with clients such as Hewlett-Packard
Hewlett-Packard
Hewlett-Packard Company or HP is an American multinational information technology corporation headquartered in Palo Alto, California, USA that provides products, technologies, softwares, solutions and services to consumers, small- and medium-sized businesses and large enterprises, including...
that decamped to Weil Gotshal & Manges in 2002, augured badly for Pennie & Edmonds. With the firm's lease up for renewal and the firm's partners unwilling to personally guarantee it, Pennie & Edmonds began talking to other firms with a view toward a merger. In the end, the firm's partners voted to dissolve. The Palo Alto office joined Morgan, Lewis & Bockius, a rapidly expanding Philadelphia-based firm, while much of the New York office joined national firm Jones Day
Jones Day
Jones Day is an international law firm founded in Cleveland, Ohio on March 1, 1893, by Judge Edwin J. Blandin and William Lowe Rice. Jones Day is the eighth largest law firm in the world by revenue, and the fourth highest grossing firm in the US with annual revenues of US$1.4 billion...
.
Ironically, Marshall has since rejoined another IP boutique firm, Fish & Richardson
Fish & Richardson
Fish & Richardson P.C. is a national law firm practicing intellectual property law.Fish is the 109th largest firm in the United States. Fish has over 350 attorneys, of which 96 percent are dedicated to intellectual property law. Fish is one of the most sought-after firms for both patent...
, which has been rapidly expanding into the General Practice arena.
Former Pennie & Edmonds employees have created a group on Facebook which enables them to stay in touch and schedule reunions. http://www.facebook.com/profile.php?id=516745650&ref=profile#/group.php?gid=22002598763