New York, New York, a Helluva Town ... for Law Firms?
Is there a secret to the failure of so many firms to challenge the city's established elite? Or is their failure overstated?
June 30, 2017 at 01:37 PM
3 minute read
In a provocative new white paper, consultants Bruce MacEwen and Janet Stanton imagined the yearnings of “any large random number” of out-of-town managing partners trying to break into the lucrative New York law firm market:
“What we really need is a top drawer, high-end corporate and litigation practice in New York,” those too-numerous-to-count lawyers have concluded, according to MacEwen and Stanton, who work at Adam Smith Esq. in New York.
But for firms that follow those aspirations, the failure rate is “astronomical,” the two consultants write.
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