LexisNexis® Legal Newsroom
The toughest competition of all

Perhaps the most difficult challenge for small law firms in small legal markets is to recruit and - sometimes even more difficult - retain high-quality associates. The assumption is that the small markets and the small law firms are at a substantial disadvantage. Our firm's observations, advising...

Past success does not guarantee survival.

Today the Law Society Gazette reports that a well-regarded century-old Sheffield law firm, Ashton Morton Slack, LLP , has failed. The firm had five equity partners and 67 staff, and was a general service law firm. The firm cites falling fee revenues and rising overheads as the major causes of a fatal...