Law firms are obsessed with growth. More are merging, launching new offices, teaming up through associations, and even changing their structure so they can compete globally. But is their focus on expansion and revenue growth the way to go? Might it be shortsighted?
September 10, 2023 at 07:43 PM
5 minute read
Executive Editor, Law.com International
Law firms are obsessed with growth.
This isn’t a new phenomenon, but since the COVID pandemic, the focus on size has ramped up, adding another dimension. The “small is beautiful” phenomenon certainly never caught on in the legal world. Instead, law firms seem to subscribe to the “too big to fail” mentality. The ghosts of big law firm failures, such as the 2012 collapse of Dewey & LeBoef, evidently no longer haunt the legal world.
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