Analysis by Arden Partners shows that headcount and revenue growth at consultancy-type law firms is outstripping that of traditional rivals at pace, as the newer model goes mainstream.
April 05, 2022 at 06:36 AM
3 minute read
The original version of this story was published on Law.com International
Alternative legal services firms which operate consultancy models, such as Keystone Law, are growing at a rate three times that of their mid-market rivals, fresh research shows.
Analysis by Arden Partners, which looks at publicly available data between 2018 and 2020, reveals that consultant lawyer numbers have grown at a compound annual growth rate (CAGR) of 21%. The figure for mid-market law firms is just 7%.
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