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Wednesday, 30 December 2015 10:03

CRYSTAL BALL: Tom Kyros, Executive Partner, Varnum LLP

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CRYSTAL BALL: Tom Kyros, Executive Partner, Varnum LLP COURTESY PHOTO

Grand Rapids-based Varnum LLP has undergone some changes that will position it for the future, says Executive Partner Tom Kyros. The law firm opened a Detroit office in September, hired an attorney with a national practice in data security and on Jan. 1 will bring on 16 attorneys from Law Weathers. According to Kyros, the firm expects to continue that growth spurt, particularly in southeast Michigan.

"With the general growth of the economy, we are seeing growth in several key areas of legal work. Mid-market M&A deals have been on the increase and are expected to escalate, due to a combination of high business valuations and a solid lending environment by banks and the private equity sector. With strong transactional work over the past two years, most predictions include an uptick in litigation over the coming year as well. Other areas of growth include our work with startups, especially in Southeast Michigan. Developing industries, such as the so-called Internet of Things, which is all about product connectivity, and software-as-a-service companies, are two areas with significant potential. Another area where we’ve seen growth and expect more is cybersecurity, which is projected to grow at three times the market rate."

Read 3046 times Last modified on Monday, 11 January 2016 13:03

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