By staff writer
Philadelphia’s legal sector has been one of its strengths for decades. Firms are expanding their Philadelphia presence or entering the market, whether through mergers, acquisitions or opening new offices. Philadelphia stalwart Obermayer Rebmann Maxwell & Hippel LLP, on the other hand, has always known the City of Brotherly Love is the place to be for law firms. Founded in 1904, Obermayer has been a part of the community longer than the cheesesteak. Just like the city itself, Obermayer is going strong and seeing a lot of growth.
“The Tax Cuts and Jobs Act added a new tax provision to the Internal Revenue Code, which aims to provide big capital gains tax breaks to real estate and business investors who make investments in certain economically underdeveloped areas known as Qualified Opportunity Zones (QOZs),” Obermayer’s managing partner, Mathieu Shapiro, told Invest: Philadelphia. “Against this backdrop, our interdisciplinary Real Estate & Construction team has been addressing the increasing needs of real estate investors and developers seeking to take advantage of these tax breaks.”
Obermayer’s growth mirrors Philadelphia’s nicely. Real estate and construction are two booming sectors for the city that show no signs of decreasing over the next year. Philadelphia is growing as a tech hub as well, and of course with all of this innovative technology comes the challenges of privacy and security. Obermayer has that covered.
“More and more, companies are seeking to protect their proprietary information — which could mean a secret formula, client lists, or even the magic mix they use to make their pricing work,” Shapiro told Invest:. “We are increasingly guiding clients across a range of activities: maintaining confidentiality, drafting effective agreements, investigating potential misconduct, gathering evidence of misconduct and, if necessary, commencing legal action.”
Cybersecurity is also a growing area for the city and the firm. For Obermayer, the commercial litigation team is protecting corporations and helping their businesses remain competitive.
“The advent of technology and innovation in the region has ushered in an increasing level of cybersecurity issues that keep our corporate clients across the board awake at night,” Shapiro said. “As such, we help more and more clients remain competitive by helping them overcome these challenges every day.”
A “Philadelphia lawyer” is someone who knows the most detailed and minute points of law or is an exceptionally competent lawyer. With their growth and longstanding history in the city, it is clear that Obermayer is a firm of Philadelphia lawyers leading Philadelphia’s growth.
For more information about our interviewees visit: https://www.obermayer.com/