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Midsize Firms: Key Trends Affecting Competitiveness And Profitability
In conducting strategic planning studies and facilitating numerous strategic planning retreats, I regularly discuss long-term trends affecting law firms with dozens of members of executive committees and managing partners. These trends of interest differ somewhat, of course, for firms of different sizes. More importantly, sometimes the same trend has very different implications for firms of different sizes.
For midsize firms in particular, the following trends will remain important for at least the next several years. Lawyer management in the more financially and professionally successful midsize law firms will need to deal with most and probably all of these trends.
Eight External Trends
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