Law firm mergers, both domestic and international, have captured headlines over the past several years. Slow organic growth has meant that law firms are seeking to capture market share through combinations and strategic alliances. Even as firms capitalize on economies of scale and project further expansion as the economy strengthens, downsizing remains a reality in all major markets, including California.
Downsizing manifests itself in different ways. Law firms sometimes thin the herd by focusing on individual attorneys or nonattorney staff. Other times, whole practice groups are asked to leave to accommodate inconsistent growth initiatives.
