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

July 3, 2018

The Legal Intelligencer
By Lizzy McLellan

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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