MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14
MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14
MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14
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<strong>20<strong>14</strong></strong> L<strong>AW</strong> FIRMS IN TRANSITION<strong>Law</strong> Firm Growth Strategy: TrendsTop <strong>20<strong>14</strong></strong> growth options by firm size:Under 250lawyers250 lawyersor moreAcquire laterals 87.8% <strong>10</strong>0%Acquire groups 52.6% 96.3%Open new US offices/s 19.2% 45.2%Acquire law firms 16.8% 40.0%Top growth options by year:20<strong>10</strong> 2011 2012 2013 <strong>20<strong>14</strong></strong>Acquire laterals 85.3% 91.6% 92.3% 89.4% 91.1%Acquire groups 54.8% 67.1% 68.2% 62.0% 64.7%Open new US office/s 17.5% 24.6% 27.9% 27.4% 26.1%Acquire law firm/s 19.7% 23.0% 29.5% 27.1% 23.1%An Altman Weil Flash Survey 58
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