The Open Kimono: What Drives the Rising Success of Midsize Firms?

Back in the 1980s, the “death of the midsize firm” was a constant refrain among consultants and other pundits. Of course, those reports were, like Mark Twain’s premature obituary, greatly exaggerated. By definition, the midsize firm cannot altogether die, since any firm on its way to join the AmLaw 250 has to at least pass through a stage when it is, by whatever numerical standards apply, “midsize.” Sure enough, 30 years later, the marketplace remains populated with many varied midsize firms, including both multi-office “regional” firms as well as single-office firms in major markets…READ MORE