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Boston Law Firms Move Up The Ladder in Am Law’s Revenue Rankings

Brown Rudnick LLP and Nelson Mullins Riley & Scarborough LLP have made Boston proud as they show a significant rise in the American Lawyer’s ranking of the 200 highest-grossing law firms.

As is the culture of Am Law, annual rankings of firms are published based on revenue-performance. The first half of the ranking, featuring the Top 100 ranked firms, was published in April, this year. Among the top 100 were popular firms such as Goodwin Procter LLP, and Ropes & Gray LLP. Obviously, Boston is not faring badly at all.

The second half of the annual ranking was released earlier this week. It doesn’t take much skimming to fish out Nelson Mullins, at No.111 with a gross revenue of $298 million. That’s an appreciable leap, enjoying a 10.2 percent growth in revenue over the period, considering that the firm finished No.118 in the previous ranking.

Similar feat was chalked by Brown Rudnick as they hopped up five spots to NO. 153 with a gross revenue of $191.5 million. The firm, in that regard, had a 15.4 percent growth in revenue, which happens to be the second highest growth by any firm captured on the list.

Mintz Levin Cohn Ferris Glovsky and Popeo, however, dropped one place from the previous ranking as it occupied the 101st position in the latest ranking with a gross revenue of $316 million. They were thus among the top hundred in the previous ranking. McCarter & English LLP and Sullivan & Worcester LLP also made the list but suffered some drops in revenue.

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7-Eleven Purchases Tedeschi Convenience Store Chain

After months of speculations, the much-awaited purchase of local Boston-based convenience store chain, Tedeschi, has come to pass. The purchase was done by 7-Eleven according to the latest press release. Tedeschi purchase terms are yet to be made public. One thing that is, however, clear is that the change of hands of this old prestigious Italian owned food store chain will be done by mid-June, 2015.

According to insiders, Tedeschi now joins other 55,000 7-Eleven outlets in different locations across the globe. The good news for the employee, according to the press release, is that some will be joining 7-Eleven existing staff. The convenient food store chain was founded in 1923 by Angelo Tedeschi. The original outlet, based in Rockland, sold cheese and meat. This legacy and concept is still maintained by the current CEO, Peter, who is Angelo Tedeschi’s grandson. He has never lost focus nor been the least swayed in sticking to this legacy.

According to Stan Reynolds, the executive vice president, the choice for Boston as a location is based on three pillars: high performance, exponential volumes and conforming to local real estate status. There are however other factors apart from these main ones. The Dallas-based 7-Eleven also boasts of more than 10,500 stores spread across North America as well as their 164 franchises that operate in New Hampshire and Massachusetts.

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Western Mass. business leaders meet in Boston

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