The AMLAW 200s Hollow Middle?
Quoted by The American Lawyer
Midrange firms face a growing dilemma: If your firm isn’t either top-tier or super cheap, how will you attract clients?
To get a grip on the market trend some observers hold responsible for flat-lining the finance charts for The Am Law Second Hundred, ponder alcohol pricing. Buyers who seek the best will pay $1,400 for a bottle of Moët & Chandon Bi Centenary Cuvée Dry Imperial from 1943, but the throngs who want their drink on the cheap want to drop only $6.99 for their six-pack of Budweiser.