With Competitive Billing Rates and Lower Costs, Midsize Firms Led Profit Gains
Midsize firms benefited from a confluence of factors last year. "We've gotten more at-bats in the last 12 to 18 months than we were getting before COVID hit," said one midsize firm leader.
January 12, 2022 at 04:13 PM
5 minute read
Law Firms - Mid SizeThe financial gap between elite law firms in the Am Law 50 and everyone else spread even more amid the 2020 pandemic environment. But in 2021, midsize and smaller firms may have turned in the most eye-popping performances, posting double-digit gains in revenue and profits that exceeded other segments of the Am Law 200, according to multiple analyses.
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