‘Hope Is Not a Strategy’ for Midsize Law Firms in NY. Here’s What Works

July 3, 2018
The Legal Intelligencer

Types : In the News

The New York Legal market throws up two big obstacles for midsize law firms: great expense and intense competition.

But several midsize firms based in the mid-Atlantic region have boldly expanded their reach in New York in recent months, generally with an eye on expanding key practices or client relationships.

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Focusing on specific practice needs and established groups helped Philadelphia-based Montgomery McCracken Walker & Rhoads identify a couple of small New York firms to acquire in recent years. Those moves have proven successful so far, vice chairman Richard Simins said.

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