AVAILABLE OPPORTUNITIES (312) 781-9000
28 Mar

Chicago Lawyer: The 2018 Largest Law Firms Survey and Lessons for Law Firm Growth

by: Astor Professional Search

In the latest March 2018 issue, Chicago Lawyer published results from their 16th annual survey of Illinois’ largest law firms and spoke with managing partners at Chicago firms that have seen strong growth in recent years, including two of our clients Faegre Baker Daniels and Akerman.

Faegre Baker Daniels, for example, has proven that they have the right approach for Chicago growth, successfully growing their seven-attorney starter office to over 60 in just eight years. According to Chicago Lawyer’s latest survey results, Faegre Baker Daniels is the 58th largest firm in Illinois, up from 67th last year, and plans to have more than 100 lawyers in the Chicago office over the next few years. “We’re cognizant of the fact that the growth is primarily not going to come from our main markets, so we’re looking to grow in other markets,” notes Chicago managing partner, Rick Michaels. “There’s no limitation or desire to have a limited presence here. Our goal is to have [Chicago] be one of the growth vehicles for the firm as a whole.”

For Akerman, a mid-sized, full-service firm based out of Miami, growth has been a response to client demand. Chicago managing partner Scott Meyers discussed with the publication how client demand has continued to shape Akerman’s growth in Chicago, after firm headcount increased from eight to 51 lawyers since opening its doors in 2014. According to Chicago Lawyer’s recent survey, Akerman is the 67th largest firm in Illinois, up from 86th in 2017. “We did not come to Chicago just because we wanted to grow. We came to Chicago because our clients wanted us to be here. We have always worked backwards from ‘What do our clients need? What do our clients want? What do our clients expect us to be?’ rather than a strategy of ‘If we build it the clients will come,’” Meyers notes.

See highlights from the full article and survey on Chicago Lawyer.

Contact Bill Sugarman for more information.

Share it here
Related Posts
10 Sep Female Lawyers Are Making Gains in Big Law, Report Finds
Female Lawyers Are Making Gains in Big Law, Rep...

The American Lawyer reports that recent data released by Working Mother Media reveals that the legal industry is showing p...

12 May Law360’s Top U.S. Firms for Women
Law360’s Top U.S. Firms for Women

Law360 recently released their annual Glass Ceiling report, ranking ten firms above their peers based on the percentage of...

28 Aug The AmLaw A-List: Top 20 and Runners Up
The AmLaw A-List: Top 20 and Runners Up

The American Lawyer released its 15th annual A-List rankings of the top 20 “most well-rounded” law firms in the ...