Midsize law firms in the Midwest, outside the biggest cities, are hiring lawyers, opening offices and bringing on new associates this fall as they fare better than many larger urban rivals in the face of the recession. Less expensive overhead, lawyers with broader skill sets and lower billing rates — as well as being less dependent on capital markets and big mergers and acquisitions work — have helped the Midwest firms escape the need to ax employees and expenses, unlike their megafirm brethren.
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Midsize, Midwest firms steady in storm
The National Law Journal
April 27, 2009
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