By Justin Henry | April 17, 2024
Fennemore Craig and Clark Hill have dominated the law firm merger scene over the last year.
By Dan Roe | February 14, 2024
As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
By Justin Henry | January 4, 2024
Law.com Pro Mid Market takes a look at the motivations and circumstances that led to recent mergers and acquisitions of law firms. "If you're not a certain size, it's hard to compete for talent and it's hard to retain," said one consultant.
By Dan Roe | December 29, 2023
The Mid-Market 50, a ranking of the highest-grossing midsize law firms in the country, outperformed the fourth tier of the Am Law 200—law firms ranked 176 to 200 nationally by gross revenue—in several financial growth metrics.
By Jessie Yount | Alexander Lugo | November 7, 2023
"People want to control their own destiny," one spinoff leader said. "And the number of successful spinoffs makes it easier… there is more trust in the market. Corporate America is more meritorious these days. They are looking for the best."
By Justin Henry | October 16, 2023
Midsize firms didn't need a hiring spree to amass double-digit revenue growth on average.
By Justin Henry | September 12, 2023
"When there's a downturn, major or minor, companies rein in legal spending," said one law firm consultant on what could explain the concentration of demand and productivity increases at law firms outside the Am Law 200. "A common approach is to be more selective about which firms get which work."
By Jessie Yount | July 28, 2023
"By all profit per partner measures, [midsize firms] appear very successful," yet they're lagging behind in others metrics and areas like tech adoption, said Joshua Lenon, lawyer-in-residence at Clio.
By Justin Henry | June 21, 2023
Recently released data by The American Lawyer, which includes 20 law firms with less than 200 lawyers, not only highlights a trend that smaller firms are experiencing less financial volatility than their big law counterparts but that their deployment of legal talent has yielded greater income on a per-lawyer basis.
By Dan Roe | June 13, 2023
The causes of burnout, depression and addiction in midsize firms are similar to those in Big Law, the American Lawyer's survey of mental health in the legal profession found.
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