{"id":130618,"date":"2025-08-15T14:34:58","date_gmt":"2025-08-15T22:34:58","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/08\/15\/stats-of-the-week-midsize-firms-gain-ground\/"},"modified":"2025-08-15T14:34:58","modified_gmt":"2025-08-15T22:34:58","slug":"stats-of-the-week-midsize-firms-gain-ground","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/08\/15\/stats-of-the-week-midsize-firms-gain-ground\/","title":{"rendered":"Stat(s) Of The Week: Midsize Firms Gain Ground"},"content":{"rendered":"
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<\/figcaption><\/figure>\n

The legal industry had an \u201cunexpectedly prosperous\u201d second quarter, as an uptick in countercyclical practices like litigation offset a slowdown in M&A demand \u2014 and smaller firms gained ground on the Am Law 100 \u2014 according to a new report by Thomson Reuters.\u00a0<\/p>\n

The Law Firm Financial Index\u2019s quarterly update, dubbed \u201cThe Eye of the Hurricane,\u201d states that the average demand increased 1.6% for law firms, and worked rates were up 7.4%.<\/p>\n

But, as the report states, the \u201cpicture becomes even more complicated when we look at each law firm segment.\u201d\u00a0<\/p>\n

The Am Law 100 saw a 0.6% decline in demand growth, with the downturn most notable in their corporate practices. Meanwhile, the Second Hundred and midsize firms \u201cgreatly accelerated their demand performance across most practices,\u201d according to the report.<\/p>\n

Thomson Reuters notes that these metrics indicate a \u201cpotential shift in client preferences towards more specialized or cost-effective legal solutions.\u201d<\/p>\n

Q2 2025 LFFI: The Eye of the Hurricane<\/a> [Thomson Reuters]<\/p>\n

\n

Jeremy Barker is the director of content marketing for Breaking Media. Feel free to\u00a0email him<\/a>\u00a0with questions or comments and to connect on LinkedIn<\/a>. <\/em><\/strong><\/p>\n

The post Stat(s) Of The Week: Midsize Firms Gain Ground<\/a> appeared first on Above the Law<\/a>.<\/p>\n

\"\"
<\/figcaption><\/figure>\n

The legal industry had an \u201cunexpectedly prosperous\u201d second quarter, as an uptick in countercyclical practices like litigation offset a slowdown in M&A demand \u2014 and smaller firms gained ground on the Am Law 100 \u2014 according to a new report by Thomson Reuters.\u00a0<\/p>\n

The Law Firm Financial Index\u2019s quarterly update, dubbed \u201cThe Eye of the Hurricane,\u201d states that the average demand increased 1.6% for law firms, and worked rates were up 7.4%.<\/p>\n

But, as the report states, the \u201cpicture becomes even more complicated when we look at each law firm segment.\u201d\u00a0<\/p>\n

The Am Law 100 saw a 0.6% decline in demand growth, with the downturn most notable in their corporate practices. Meanwhile, the Second Hundred and midsize firms \u201cgreatly accelerated their demand performance across most practices,\u201d according to the report.<\/p>\n

Thomson Reuters notes that these metrics indicate a \u201cpotential shift in client preferences towards more specialized or cost-effective legal solutions.\u201d<\/p>\n

Q2 2025 LFFI: The Eye of the Hurricane<\/a> [Thomson Reuters]<\/p>\n

\n

Jeremy Barker is the director of content marketing for Breaking Media. Feel free to\u00a0email him<\/a>\u00a0with questions or comments and to connect on LinkedIn<\/a>. <\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The legal industry had an \u201cunexpectedly prosperous\u201d second quarter, as an uptick in countercyclical practices like litigation offset a slowdown in M&A demand \u2014 and smaller firms gained ground on the Am Law 100 \u2014 according to a new report by Thomson Reuters.\u00a0 The Law Firm Financial Index\u2019s quarterly update, dubbed \u201cThe Eye of the […]<\/p>\n","protected":false},"author":3,"featured_media":130619,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-130618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/08\/stat-of-the-week-image-uxlinj.jpg?fit=300%2C225&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/130618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=130618"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/130618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/130619"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=130618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=130618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=130618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}