“The Law.com Pro Mid-Market 50: Achieving Growth Without Chasing Scale,” ALM Law.com Mid-Market Webinar
The Law.com Pro Mid-Market 50, an exclusive revenue ranking of midsize law firms, shows that this legal industry segment snapped back in 2024 from a down year the prior year, with many firms making impressive individual gains. In Big Law, though, a “good year” is all relative: Trying to keep pace with the growth metrics of larger counterparts–particularly those in the Am Law 200’s upper reaches–can be downright daunting.
And yet, the qualities that make up successful midsize firms–close-knit culture, nimbleness, and the openness to adopting and implementing new strategies across an organization of manageable scale–have never been more advantageous. And advanced data demonstrates that many midsize firms are simply on a more sustainable long-term growth trajectory than their behemoth counterparts in Big Law. In short, the words “size is not a strategy” hold especially true in a time where much-larger firms are wondering what the long-term impact of gen AI on their business models will be.
Joyce Soliman joined The American Lawyer newsroom and analyst team to look deeper into the Pro Mid-Market 50 data and the issues underlying critical strategy, including and especially competing for market share and talent.
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