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Regina Pisa was the first woman to serve as chair of Goodwin Procter. She will step down from the position on October 1, according to The Boston Business Journal. Her successor, David Hashmall, is based in New York City. When he takes over the position, it will mark the first time that the chair is outside of Boston.
Robert Insolia is the firm’s managing partner. He is also based in New York City. Pisa has said that Hashmall is the perfect person for the job and geography played no role in making the decision.
Many law firm consultants believe that the move of power to New York City from Boston for the firm could be significant. Moving leadership to New York City shows a desire for the firm to grow in that market.
Mintz Levin has headquarters in Boston, but managing partner Robert Bodian works in New York. He travels frequently to Boston for operations.
Brion Bickerton is a law firm consultant in Boston. He said, “The New York office and the New York market are important for these firms, and having access to the robust capital markets there. And that move of leadership also is a reflection of the fact that they’ve brought in people who have strong backgrounds and can move into these kinds of roles.”
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When Pisa took over as managing partner in 1998, the firm’s office in New York was just two years old. Pisa said that the firm “didn’t really have a significant presence outside of Boston.”
Jeff Coburn is a management consultant for law firms in Boston. Coburn told the Boston Business Journal, “I don’t think it’s surprising that a shift in leadership to (New York) would take place after stellar years of (Pisa) building the firm nationally in major corporate markets, New York being one of them. New York is the market. It’s where you want to have a meaningful presence – not that Boston isn’t. But it’s all relative.”
Two people on Goodwin Procter’s four-person management team are staying in Boston.
