Chicago-based investment bank Dresner Partners has recently beefed up operations in Virginia and Silicon Valley through partnerships with other firms as part of an expansion strategy. Investment banks that are looking to grow should consider the arrangement as an option, as partnerships allow firms to expand both their geographic reach and sector focus.

"It's certainly a strategy that makes sense and gives you a way to align interests and create synergies between groups," says Steve Dresner (pictured), president of Dresner Partners.

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