Texas Law Leaders Predict More Mergers, More Competition from Nat’l Firms
A new survey by the legal industry consulting firm Zeughauser Group shows that Texas-based business law firms are facing extraordinary competitive pressures from out-of-state corporate legal operations and one-third predict they will need to merge with larger law firms in order to survive or thrive. The survey shows that younger partners are pushing firms to either consider merging or face losing young talent to competitors.