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U.S.-based niche and boutique law firms trailed behind their Am Law 200 counterparts’ gross revenue and profit increases in 2020, but matched them in year-end inventory that industry leaders say has made way for a productive year in 2021.

Performance among this group varied greatly firm-to-firm depending on the niche they serve. But for many, one highly unusual year is unlikely to inspire a massive change to focus or strategy, such as a major merger, observers said.

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Justin Henry

Justin Henry covers business news and trends at law firms, with a particular focus on the Pennsylvania market. Reach him at [email protected] or on Twitter @jstnhenry87

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