Small Firms Wondering Whether to Sell or Struggle Have a Third Option
There is so much consolidation in Chicago and other legal markets across the country that some small and mid-size firms that haven’t yet been gobbled up may believe it’s only a matter of time before they merge or get acquired. In many cases this path makes the most business sense for lawyers and their clients.
Other firms, however, resist this pressure, and remain determined to continue on independently. These underdogs face two...