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September 2, 2024
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Focus on Law & Accounting

Why a Boston firm wanted Bowditch’s lawyers

Eric Casey

Three entrenched Worcester law firms received news of a new challenger arriving from the east in July, when high-profile, Boston-based Prince Lobel Tye announced it would open a Worcester office, convincing about a dozen Bowditch lawyers to join the firm in the process.

WBJ Web Partners

Today's Poll

Will the life sciences industry play a bigger role in the Central Mass. economy over the next few years?
Poll Description

Life sciences has been the hot industry in Central Massachusetts over the last few years, as the region looks to leverage its proximity to the global Cambridge-Boston innovation hub and cement biomanufacturing and biotech as cornerstone industries of the area economy. Major prospective development projects are underway in Worcester, Devens, and Marlborough, as many Central Massachusetts communities hope to capture an industry expansion. Yet, after significant growth in the early 2020s, the life sciences industry has been in a down cycle over the last couple of years, with Greater Boston companies laying off workers and an overbuilt lab market further slowing any new developments. Data released by the Cambridge-based Massachusetts Biotechnology Council in late August shows Worcester County was the sole Massachusetts region to gain biomanufacturing jobs between 2022 and 2023. Worcester County added 279 new jobs, accounting for a 11.8% jump in growth. In contrast, Norfolk, Essex, Middlesex, and Suffolk counties saw a combined loss of 556 jobs. These industry jobs numbers come as leaders await the outcome of the Massachusetts House-passed $1-billion life sciences reauthorization initiative as it stalls in the Senate.

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