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Stuck in the middle

The problem that these firms have is not that they are generalist, but that they are sub-scale and have no international platform (and lack the resources to build one). Mergers don't just make sense, they are inevitable and one wonders what they are waiting for. @ Anonymous 3:29 pm - law firms seldom actually go out of business in the sense of bankruptcy or complete break-up, they are far more likely to suffer a drip-drip decline through defections, loss of clients, a decline in relative profitability and scale, and then rescue mergers/take over by another firm. Mergers of choice before this negative spiral begins are a quite different prospect however.

5-Mar-2012

5:14 pm