Spilman welcomed its clients and guests to an Open House on Wednesday, November 16. Everyone enjoyed craft beer tastings courtesy of North Country Brewing and tasty treats from Fabled Table.
Ronald W. Schuler, Member in Charge of Spilman’s Pittsburgh office, was recently asked about the impact of Pittsburgh’s law firm leadership being located outside of the city. It’s a trend that has materialized with two of Pittsburgh’s largest law firms, but has been avoided by Spilman.
Schuler was interviewed by the Pittsburgh Business Times regarding his take on how outside leadership can impact the city. According to Schuler, “One of the inevitable consequences is leadership shifts outside of Pittsburgh and Pittsburgh becomes de-emphasized to some degree.” He continues, “When the leadership of a law firm is in Pittsburgh, it’s more likely those firms will play a role in or have influence here. If it isn’t, it’s harder for that to occur. The things law firm leaders did in the 1980s and 1990s, participating in the birth of technology and starting business opportunities, were because they were in Pittsburgh. When firms become more nationalized or delocalized, that begins to fall away.”
Examples of the impacts can be seen with other industries. “You might have local leaders but leadership and influence run from the top of the firm and that’s the danger we face,” Schuler said. “I don’t say it’s the end of the world. But it’s akin to what happened to the corporate sector. You could see it in Pittsburgh that large CEOs felt a duty to collaborate. You don’t see that same paternal approach over trying to improve the city when leadership changes from local to national and international.”
So what do the largest firms have to say about this trend? Click here to read the entire article.
The Pittsburgh Downtown Partnership has issued their latest report and the news is good. According to the State of Downtown report, new development is occurring and going beyond the “golden triangle.”
In 2015, the city saw $636 million in new projects, which is an increase of 21 percent since 2014. The growth is mainly being seen in the North Side and Strip District, which are just outside of the Central Business District.
In addition, there is a wave of real estate inventory coming to the downtown region with:
- 1.4 million square feet of office space,
- 761 new hotel rooms and
- 1,380 residential units
The report notes that the residential population has continually increased, competitive hotel room rates have remained steady and average Class A office rents reaching an all-time high of $27.70 per square foot.
Click here to read the entire Pittsburgh Business Times article.
The headlines keep coming. First, Zagat named Pittsburgh the No. 1 food city in America. Vogue has a piece that proclaimed, “Pittsburgh is not just a happening place to visit — increasingly, people, especially New Yorkers, are toying with the idea of moving here.”
The people that are making Pittsburgh more and more of a popular destination are…….young people. Not what you would expect from the Steel City. But, according to a recent New York Times article, “Cheap rent and a voracious appetite for culture have attracted artists. Cheap rent and Carnegie Mellon University have attracted companies like Google, Facebook and Uber, seeking to tap local tech talent. And cheap rent alone has inspired chefs to pursue deeply personal projects that might have a hard time surviving in the Darwinian real estate microclimates of New York and San Francisco.”
It’s a fantastic article that’s worth the read!
According to a MoneyTree report by PricewaterhouseCoopers LLP and the National Venture Capital Association, Pittsburgh is one of the top metros for venture capital (“VC”) investments.
Out of 133 metros, Pittsburgh ranked 10th for the number of companies that received VC investments last year. More than 80 companies reported investments and the Steel City ranked 18th in terms of dollars invested at $199 million.
Not surprisingly, New York City was a top metro. But, one city had almost double the amount of investment. Read this Pittsburgh Business Times article to get the details.
According to TripAdvisor, Pittsburgh is one of the top 10 tourist destinations in the United States.
The site highlights 295 places to visit and says, “Steel and coal may have built this city, and you’ll see the names ‘Mellon’ and ‘Carnegie’ on an awful lot of things, but Pittsburgh has come a long way from its gritty, industrial past.”
What other cities made the ranking? And, is the number one location a surprise? Read the Pittsburgh Post-Gazette blog post here.
UPDATE —- March 10, 2016 is the current targeted effective date for an ordinance passed by Pittsburgh’s City Council requiring most city businesses to provide sick leave to full-time and part-time employees.
Implementation of the legislation was postponed by 60 days under an agreement reached by the city and groups challenging the law in court.
Pittsburgh Member Peter R. Rich explains how the proposed law came about, exemptions included and pending legal challenges.
You can read Pete’s article by clicking here.
U.S. News & World Report recently announced their list of best global universities and two Pittsburgh-based colleges earned this exclusive ranking.
The University of Pittsburgh (47th) and Carnegie Mellon University (71st) were recognized among 750 top universities.
The ranking focuses on the school’s academic research and reputation. The United States had more colleges included than any other country – with 181 represented.
Who else made the list? Click here to read the Pittsburgh Business Times article.
As we’ve discussed in past posts, Pittsburgh has been the focus of many news reports as the new “it” place for destinations. These aren’t just small unknown publications that have let everyone in on the secret.
The New York Times featured “36 dynamic hours” in Pittsburgh in a recent travel section article. As we previously reported, The Washington Post suggested Pittsburgh is a great place for a road trip destination. Then, The Washington Post featured Pittsburgh’s restaurant scene. And, Eater.com agreed that Pittsburgh could be the country’s “next destination food town.”
The Pittsburgh Post-Gazette took a look at all of the attention, why Pittsburgh is the hot place right now and how that could affect the future. Why Pittsburgh? Maybe you should find out for yourself.
Recently, The Washington Post featured Pittsburgh as one of the top travel destinations to consider this summer.
Why? Natural beauty, urban quirkiness and proximity were the top reasons. If you haven’t visited Pittsburgh, you really should. We know it’s a great place for business. But, it’s also a great attraction for fun.
Read the entire The Washington Post article by clicking here.