M&A Slowdown Flips Script on Biggest Law Firms Beating the Rest

Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. Today, we look at how smaller firms appear to be punching above their weight in the ever-important M&A market.

The big firms have gotten bigger. The rich firms have gotten richer. That’s been the prevailing story in the Big Law market for most of the post-Great Recession era.

So, it caught my eye when a survey released this week indicated the script might be flipping. The back of the AmLaw 200 pack, it seems, is suddenly outperforming the biggest and richest ...