It may not be the next sign of an economic downturn, but a new analysis of how law firm expansion efforts have been faring doesn’t exactly inspire confidence either.

The analysis of 2013-2018 data from ALM Intelligence shows that while many of the firms in the National Law Journal 350 index have opened new offices over the past five years, many have shuttered offices as well. Plus, outside of a few hot markets, about as many offices have contracted as have grown.

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