Sarasota law firm rides hiring surge

The midsize law firm is no longer the legal entity du jour. But some firms in that category have found ways to grow and prosper.

By Mark Gordon
| 6:00 a.m. October 5, 2018
| 0 Free Articles Remaining!

Lori Sax. Ric Gregoria, left, and Tom Luzier, are attorneys at Williams Parker.

The business of law firms nationally is riding a big-get-bigger wave.

Combined revenue among the Top 100 law firms nationwide, for example, ranked by legal publication American Lawyer, rose 6.4% in 2017, to $105.7 billion. Nearly one-third — 31 firms — posted revenue of at least $1 billion, up from 27 in 2016. And a majority — 85 firms — reported revenue increases, the American Lawyer data analysis shows. On mergers, law firms set a 10-year high in tie-ups in 2017 with 95, according to consulting firm Altman Weil. That bested 85 mergers in 2016 and 91 in 2015.