In decades of consulting with hundreds of law firms, I have seen that every law firm goes through periods of transition and change. Many of these changes are gradual and manageable, but sometimes the change is more far-reaching with a magnitude and intensity that can have make-or-break consequences. These are law firm pivot points.
Although any firm may experience pivotal change, mid-size and smaller law firms are more vulnerable during these periods. Firms with fewer than 100 lawyers have more limited resources and therefore are more likely to be stretched thin in times of turmoil, reducing their resiliency and capacity to explore alternative solutions.