Work shifting to smaller firms

Apr 17th, 2014 | Law Firm Marketing, Legal Marketing in Brief

Saw yet another report this month confirming the shift of work to firms like that we represent, the local/regional corporate, transactional and defense firms.  A report from Lexis Nexus reveals “The legal work has gone (from Big Law) to “Large Enough” firms (200-500 lawyers), which were responsible for 22% of legal billings (up from 18% three years ago). An even more dramatic shift is seen in high-fee litigation cases — those matters that generate fees totaling $1 million or more. ‘Large Enough’ firms grew their portion of U.S. high-fee work from 22% three years ago to 41% in the last 12 months.”

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