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What does the future hold for mid-tier firms?

Copyright © 2025 LexisNexis

Published on: 02 November 2012

Published by a LexisNexis Practice Compliance expert

Table of contents

Original news
What has led to the problems experienced by mid-tier firms?
Why are they not performing as well as larger firms?
Does this signal a change in the delivery of UK legal services?
What action is needed to turn things around?
Are there concerns for individuals if mid-tier firms fail?
What should firms do next?

Article summary

Practice Compliance analysis: Average profit-per-equity partner has fallen 24% over the last four years across the top 100 firms, but statistics reveal partners in mid-tier firms have suffered the greatest proportional drop. With the elite top ten pulling further ahead of their smaller rivals, Viv Williams, Chief Executive Officer of the legal consultancy 360 Legal Group, discusses the current position of mid-tier firms and what the future holds.

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