Pace of New Law Firm Offices Is Brisk

07:20 25.06.2008

Despite the economic downturn in 2008, law firms have opened new offices at a brisk pace so far this year. Dozens of law firms have planted flags on the West Coast, in the Midwest and the South, with a noticeable absence of expansion on the East Coast during the first half of 2008. Although many firms are taking a "hunker down and wait" approach during the sluggish economy, says consultant Ward Bower, others are seeing opportunities to grab smaller firms and lateral groups.