It wasn’t so long ago that pundits were predicting the demise of the small to mid-size law firm. They warned that within less than a decade the legal practice would consist of four or five super firms with only a few insignificant small firms dangling on the outskirts, picking up table scraps.
Ironically, not only are the small to mid-sized firms hanging in there during the current economic turndown, it is no secret that many of these firms are fairing significantly better off than the mega firms that were once so eager to engulf them. In fact, their numbers are growing as group after group breaks off from the larger firms to form new smaller firms or even virtual entities.
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