Midsize merger momentum has continued into the second business week of 2022, with midsize firms announcing combinations and large group moves in Dallas, Denver and Chicago.

Midsize law firms outside the Am Law 200 appear ambitious after especially good financial years in 2021, according to multiple analyses. For instance, the 2022 State of the Legal Market report, from Thomson Reuters and the Georgetown University Law Center on Ethics and the Legal Profession, tallied 22.4% average growth in profits per equity partner among its sample of midsize firms last year.