Preti Flaherty Company Profile

Background

Preti Flaherty, established in 1976, is a prominent law firm headquartered in Portland, Maine. The firm is dedicated to delivering innovative and efficient legal solutions, assisting clients across various industries in achieving their business objectives. With offices in Maine, New Hampshire, Massachusetts, and Washington, D.C., Preti Flaherty has evolved into a significant regional firm with global experience, adept at handling multi-state and cross-border matters.

Key Strategic Focus

Preti Flaherty offers a comprehensive range of legal services, including:

Corporate and Mergers & Acquisitions (M&A): Advising on complex business transactions and corporate governance.

Energy and Environmental Law: Providing counsel on regulatory compliance, renewable energy projects, and environmental litigation.

Intellectual Property (IP): Assisting clients with patent and trademark prosecution, copyrights, and IP litigation.

Litigation: Representing clients in disputes across various sectors, including antitrust, product liability, and white-collar defense.

Real Estate and Finance: Handling transactions related to real estate development, financing, and land use.

The firm's strategic focus is on delivering client-centric services that address the evolving needs of businesses in a dynamic legal landscape.

Financials and Funding

As of March 2025, Preti Flaherty's estimated annual revenue is approximately $72.2 million, with a revenue per employee of $297,000. The firm employs around 243 individuals, reflecting a 3% growth in employee count over the past year.

Technological Platform and Innovation

Preti Flaherty leverages a robust technological infrastructure to enhance service delivery, including:

Cloudflare CDN: Ensuring secure and efficient content delivery.

Microsoft 365 and Teams: Facilitating seamless communication and collaboration.

OneDrive: Providing secure file sharing and storage solutions.

VMware: Supporting virtualization and IT infrastructure management.

These technologies enable the firm to maintain high standards of client service and operational efficiency.

Leadership Team

Preti Flaherty's leadership comprises experienced professionals dedicated to the firm's strategic growth:

Michael S. Smith: Managing Partner, overseeing the firm's operations and strategic initiatives.

Mariana Baron: Partner and member of the Management Committee, contributing to strategic decision-making.

Kristin M. Collins: Partner and Management Committee member, involved in guiding the firm's direction.

Jason G. Howe: Partner and Management Committee member, playing a key role in firm management.

Sara N. Moppin: Partner and Management Committee member, contributing to the firm's strategic planning.

Kenneth E. Rubinstein: Director and Management Committee member, involved in leadership decisions.

Adam J. Shub: Partner and Management Committee member, guiding the firm's strategic initiatives.

Shana M. Solomon: Director and Management Committee member, contributing to firm management.

The firm's administration is led by Rachel Lawrence, Chief Operating Officer, and Lisa Meyer, Chief Marketing Officer, among others.

Leadership Changes

In July 2024, Michael S. Smith was appointed as Managing Partner, succeeding David Van Slyke.

Competitor Profile

Market Insights and Dynamics

The legal services market in New England is competitive, with firms vying for clients across various practice areas. Preti Flaherty's focus on diverse legal services positions it to address the multifaceted needs of its clientele.

Competitor Analysis

Key competitors include:

Bernstein Shur: Offering a broad range of legal services with a revenue between $10 million and $50 million.

Drummond Woodsum: Providing comprehensive legal counsel with similar revenue figures.

Eaton Peabody: A full-service law firm with revenues ranging from $10 million to $50 million.

These firms compete in overlapping practice areas, necessitating continuous innovation and client-focused strategies from Preti Flaherty.

Strategic Collaborations and Partnerships

In September 2024, Preti Flaherty partnered with Everlaw, Inc., a leading cloud-native investigation and litigation platform, to enhance the firm's e-discovery capabilities.

Operational Insights

In June 2024, Preti Flaherty unveiled a renovated headquarters in Portland, Maine, featuring hybrid and collaborative workstations and an internal staircase to foster collaboration.