Global law firm Bingham McCutchen opened its highly touted Lexington global services center Thursday, with plans to employ 250 highly paid workers.
"Today's grand opening truly is a critical part of Bingham's tomorrow," Bingham Chairman Jay Zimmerman said. "This is a place that welcomes businesses that want to be here for the long haul."
The center brings together administrative support staff positions from the Boston-based firm's 14 offices around the globe. The employees represent a range of departments, including finance, human resources, information technology, marketing and operations.
The company, which has about 1,000 lawyers, has estimated that opening the office for consolidated operations at the Coldstream Research Campus off Newtown Pike will cost $22.5 million.
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So far, 100 employees are beginning to work in the office, with the remainder starting in the months to come. The vast majority of employees are coming from Central Kentucky. Only about 10 percent of the employees are transferring from other Bingham locations.
The 250 jobs are expected to pay an average hourly wage of $37, including benefits.
"It is an exciting day for us here in Kentucky," said Gov. Steve Beshear, who spoke at the event with other local and state officials. "This is going to be a great fit."
Leaders of the firm began the event with a moment of silence in honor of those killed and injured in the explosions at the Boston Marathon earlier this week. Zimmerman said none of the company's employees were directly affected, but "we were all indirectly affected."