Avoiding Extinction in A Turbulent Legal Market: The Other Side of Consolidation

The early days of 2003 have brought a stark reminder to the leaders of law firms. While strong law firms have experienced an exceptional level of prosperity and growth in a consolidating market, continued expansion and ever increasing profitability are not the only potential destinies for law firms today. As the high profile closures of long established firms such as Brobeck; Peterson & Ross; Hill & Barlow and others demonstrate anew, firms can fail. And with failure come career interruption, client uncertainty and financial distress for many.

20 minute readApril 01, 2003 at 10:37 AM
By
Joseph B. Altonji
William G. Johnston
Avoiding Extinction in A Turbulent Legal Market: The Other Side of Consolidation

The early days of 2003 have brought a stark reminder to the leaders of law firms. While strong law firms have experienced an exceptional level of prosperity and growth in

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