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Mixture of Balance, Tight Focus Key to the Future of Midsize Law Firms
The midsize firm has remained on some experts' endangered species lists for years, but is extinction really imminent, or have rumors of its death been greatly exaggerated? William Harvey, managing partner of Klehr Harrison in Philadelphia, says that when megafirms snatch up smaller practices, it's a blessing for the midsize firms that are left behind. "We love the fact that conventional wisdom says that midsized firms should join up with larger firms," he says. "We hope they all do -- we will not."