If the recent flurry of small firm and solo acquisitions is any indication, many midsize firms are starting the year in “growth mode.”
Since the start of the year, at least three midsize firms in the Philadelphia and South Jersey regions have announced moves to grow their numbers through additions of smaller law firms of between one and three lawyers. Although the specific reasons for each link-up differ, law firm leaders agree that some broader market forces are at play pushing their firms into “growth mode.”