The need to scale up to compete is driving more mergers among smaller and midsize firms. "It's getting to that point where you become a safe choice for the client, particularly if they’re moving work from a larger firm," said consultant Lisa Smith.
May 04, 2022 at 04:06 PM
5 minute read
Editorial
The original version of this story was published on The American Lawyer
As Big Law is growing larger, the middle is growing too to keep up.
Law firm leaders in three recent mergers of midsize law firms cited the demand to build deeper and broader expertise, for attracting top talent and clients and competing against larger firms. Indeed, the demand among midsize law firms to scale up to compete will likely continue to spark more combinations this year, analysts say.
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