Ride the ups, buckle in for the downs. That is the general sentiment among large law firms that have hitched a ride with the tech sector’s growth, and now face personnel decisions as demand, particularly for profitable IPOs and large-cap transactions, continues to stall.

But unlike their larger counterparts, midsize firms with a focus on emerging companies and venture capital (ECVC) work aren’t pressing pause on growth. Instead, firm leaders said they face fewer limitations when it comes to helping early-stage companies, and view the current environment as an opportunity to press their advantage.

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