Some say that the best way to become a mid-sized firm in 2010 is to have been a large firm in 2008. The convergence of a weak economy, the refusal of corporate clients to continue to pay ever-increasing hourly rates, and an explosion in communication has dramatically changed the business of running a law firm in recent years.
Those firms that refused to change have either failed or experienced dramatic decline. Their failures have created incredible opportunity for those firms with a true commitment to high quality while maintaining a reasonable rate structure.
