Since its founding in 1873, Morgan Lewis & Bockius has massively expanded from one office in Philadelphia to 31 offices across three continents. In the United States, there are 17 offices across 11 states. The firm is particularly well known for its work in the structured finance and securitization, hedge funds, oil and gas projects and power project practices. The M&A practice acts on the buy and sell side for strategic acquisitions and joint ventures. They also have a private equity practice that handles acquisitions and sale related to private equity clients. The firm represented their client in a joint venture in which the other company acquired a 50% equity stake.