Procopio, Cory, Hargreaves & Savitch LLP

Background

Founded in 1946 by Alec Cory and Edward Schwartz, Procopio, Cory, Hargreaves & Savitch LLP is a full-service business and litigation law firm headquartered in San Diego, California. The firm has expanded its presence with offices in Del Mar Heights, Silicon Valley, Orange County, Las Vegas, Scottsdale, and Washington, D.C. With a team of nearly 200 attorneys, Procopio is committed to delivering practical legal solutions tailored to the unique needs of its clients.

Key Strategic Focus

Procopio offers a comprehensive range of legal services across various practice areas, including corporate and securities, intellectual property, litigation, tax, real estate, and employment law. The firm serves a diverse clientele, from small to mid-sized companies to large multinational corporations, across industries such as technology, healthcare, life sciences, and energy. Procopio's strategic focus is on providing cost-effective, innovative solutions that support clients throughout the business lifecycle, from startup to expansion and beyond.

Financials and Funding

As of 2020, Procopio reported a gross revenue of $125.5 million, with profits per partner averaging $982,000. In 2023, the firm announced a 3% reduction in attorneys and staff, citing a decline in corporate work, yet managed to increase its gross revenue for the year.

Technological Platform and Innovation

Procopio leverages advanced technological platforms to enhance its legal services, particularly in intellectual property law. The firm has a strong track record in patent prosecution, securing 748 issued patents in the year ending Q1 2024 for 168 clients, including major corporations like QUALCOMM Incorporated and Hitachi, Ltd.

Leadership Team

The firm's leadership is spearheaded by Managing Partner Dennis Doucette, who brings extensive experience in corporate law and strategic growth initiatives. Under his guidance, Procopio has expanded its geographic footprint and diversified its practice areas to better serve its clients.

Competitor Profile

Market Insights and Dynamics

The legal services market is highly competitive, with firms vying for clients across various industries and practice areas. Procopio's focus on providing comprehensive, cost-effective solutions positions it favorably within this landscape.

Competitor Analysis

Key competitors include Buchalter, Higgs Fletcher & Mack, and Latham & Watkins. These firms offer similar services and target overlapping markets, making differentiation through client service and specialized expertise crucial for Procopio's continued success.

Strategic Collaborations and Partnerships

Procopio has established strategic collaborations to enhance its service offerings and market reach. The firm's global network extends across Europe, Asia, and Latin America, enabling it to support clients with cross-border legal needs effectively.

Operational Insights

Procopio's strategic considerations include maintaining a flexible infrastructure to support a diverse client base, from startups to large multinationals. The firm's commitment to diversity, equity, and inclusion is evidenced by achieving Diversity Lab’s Mansfield Rule Plus certification, reflecting its dedication to fostering a diverse and inclusive workplace.

Strategic Opportunities and Future Directions

Looking ahead, Procopio aims to continue its expansion into key markets and practice areas, leveraging its strengths in intellectual property and corporate law. The firm's focus on innovation and client-centric solutions positions it well to adapt to evolving legal landscapes and client needs.