Mark F. Raymond of Broad and Cassel. (J. Albert Diaz)
With more and more national firms opening offices in Florida and corporate clients handling an increasing amount of work in-house, many mid-sized Florida law firms are feeling squeezed. Clients are willing to pay for high-end work that takes extra expertise, but they want bargain prices for commoditized work. Many firms that are neither at the top nor the bottom—a group known as “the hollow middle”—are therefore experiencing slower growth. .
This year’s Review 100, which ranks Florida firms by headcount, shows a decline in the number of full-time lawyers at more than one-third of the Florida firms that reported census numbers in both 2016 and 2017.
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