Where Are the Next Markets for Big Law Expansion? Check Out These Cities | The American Lawyer - The American Lawyer

What You Need to Know

• Data from Wolters Kluwer's ELM Solutions showed big billing rate increases last year often coincided with population gains.
• Fresno, Phoenix, Oklahoma City and Greenville could be ripe for some firms.
• The West has seen new additions already this year and is expected to remain a growth target.

Several smaller U.S. cities that have already attracted Big Law interest may still have room to grow in law firm ranks, according to a recent analysis of legal billing, while cities such as Fresno, California, and Greenville, South Carolina, could be the next spots for law firm expansion.

Law firms that have opened in cities such as Nashville, Seattle and Miami over the last few years have pointed to population growth as a key ingredient when scouring the map for additional places to plant their flag. Those three markets are also among the ones that have experienced “a significant spike in hourly rates” last year, along with “much higher than average population growth in recent years,” according to data from Wolters Kluwer’s ELM Solutions, a legal analytics company.

Want to continue reading?
Become an ALM Digital Reader for Free!

• Free access to 1 article* every 30 days
• Access to the entire ALM network of websites
• Unlimited access to the ALM suite of newsletters
• Build custom alerts on any search topic of your choosing
• Search by a wide range of topics

Already have an account? Sign In Now

*May exclude premium content

source: https://www.law.com/americanlawyer/2022/02/08/where-are-the-next-markets-for-big-law-expansion-check-out-these-cities/

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.