In Big Law, which was already showing obvious stratification in recent years, the elite and most profitable firms have pulled even further ahead in a dynamic only exacerbated by the pandemic.

The residual effects of consolidation at the top of the industry can be seen in the current environment: the increasingly exorbitant arms race for talent, several-hundred-lawyer firms looking to quickly scale up through combinations, increasingly disparate financial outcomes, and constant rate increases at the leading firms while other firms face rate pressure.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]