As always, John Smock and his colleagues, have produced an accurate and insightful report on the legal services marketplace, mostly from the perspective of the mid-size law firm. This year, they conducted 35 interviews with managing partners and executive directors from law firms across the US. Here are some of its highlights:
- 2016 Was a Great Year for Most Law Firms
- Litigation is Flat and the Future Forecast is Not Good
- Teams and Practice Groups are Where the Action Is
- Firms are Getting Better at Addressing Difficult Issues, such as Underperforming Partners
- Firm Management is Leaping Forward, with BigLaw Outpacing MidLaw
Smock’s analysis and conclusions are consistent with what we presented in MPF Insight, the report we published in December. See below.