In Big Law, which was already showing obvious stratification in recent years, the elite and most profitable firms have pulled even further ahead in a dynamic only exacerbated by the pandemic.
The residual effects of consolidation at the top of the industry can be seen in the current environment: the increasingly exorbitant arms race for talent, several-hundred-lawyer firms looking to quickly scale up through combinations, increasingly disparate financial outcomes, and constant rate increases at the leading firms while other firms face rate pressure.
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November 12, 2021 at 05:00PM
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Separation Between Big Law Elites and the Rest Is Intensifying | The American Lawyer - The American Lawyer
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