For Those Knocking on the Door of the Am Law 200, Smaller Stature May Be an Asset
The American Lawyer
May 18, 2020
“Being big has its virtues, but in the present moment midsize law firms—many of which occupy the Am Law 200 or compose the group next in line for entry—are finding advantages in their smaller stature.
“Industry observers and midsize law firm leaders, including two whose firms are among those knocking at the door of the Am Law 200, say that in a time of economic and social upheaval, bigger may not, in fact, be better.
“‘When you have 1,000 or 2,000 lawyers, it’s harder to turn and harder to make changes,’ says Max Crane, managing partner of Newark, New Jersey-based Sills Cummis & Gross, which last year grew revenue 3.1% to $93 million. ‘We’re big enough to handle the biggest matters but we’re pretty nimble. We can change on a dime. We can make short-term changes as needed, and we can make long-term changes if needed.’
“At a time when changes are needed at nearly every firm, that could give firms such as Sills Cummis and others like it a leg up on some of the competition ahead of them on the Am Law 200.”
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