CMCP member-firm Osborn McDerby LLP profiled this week in the Daily Journal
Building Blocks By Dominic Fracassa Daily Journal Staff Writer
Stephen M. Osborn, left, Richard G. J. McDerby of Osborn McDerby LLP.
SAN FRANCISCO - There's an undeniable electricity that starts to charge and spark between partners Stephen M. Osborn and Richard G. J. McCrery when they sit down together to talk about the corporate boutique they founded in the summer of 2012.
They have good reason to be excited: Though their partnership has yet to reach its second anniversary, Osborn McDerby LLP is in the early stages of what looks to be a remarkable growth spurt.
The firm exceeded its own projections by 40 percent last year and is already able to be selective about the work it takes on - no small feat for a three-attorney shop doing corporate work in the ultra-competitive Bay Area legal market, at a time when many in the legal community are complaining about a stagnating demand for services.
"You hear some big law firm folks talk about there being flat demand, and Steve and I hear that and look at each other and go, 'there are endless opportunities.' We know we're leaving stuff on the table," McDerby said. Able to leverage a wealth of combined M&A experience, the firm has been hard at work establishing its reputation as a sophisticated shop able to handle deals on the buy and sell-side.
Last year, Osborn McDerby was selected over a pool of competing firms to advise mobile app developer Duff Research LLC in its sale to eBay Inc.'s PayPal division. More recently, the firm advised medical technology developer Varian Medical Systems Inc. in an asset acquisition from Velocity Medical Solutions LLC in March.
Their success isn't derived from some kind of law firm alchemy, but rather a dogged focus on highly personalized, long-term client service and a general, innate passion for entrepreneurship.
"There's no secret sauce here. This is just lawyers who love business helping businesspeople," Osborn said.
When Osborn and McDerby first got acquainted through Provisors, a professional networking group, they quickly realized that there were some key similarities in their backgrounds: Both had upbringings as corporate attorneys at multinational firms, but were at the time working to grow their own independent practices...