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In many ways, the Great Recession highlighted the strengths of midsize firms, as legal departments increasingly felt internal pressure to reduce their legal spend without sacrificing the quality of their outside counsel.
January 25, 2019 at 04:39 PM
1 minute read
The original version of this story was published on Mid Market Report/midmarketreport
Editor’s Note: This story is adapted from ALM’s Mid-Market Report. For more business of law coverage exclusively geared toward midsize firms, sign up for a free trial subscription to ALM’s weekly newsletter, The Mid-Market Report.
Early in the last economic downturn, savvy midsize firm leaders began to sense that their moment was coming, as buzz grew that Big Law’s ever-ascending rates were becoming untenable for increasingly cost-conscious clients.
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