Turning the clock back a couple of years, the outlook for the regional market didn’t look as rosy as it does today. The advent of ABSs, and national networks like QualitySolicitors, seemed to present a real threat
to regional firms.
Now, the regions are looking healthy, with signs that there will be further growth over the next
few years. The University of Law predicts a revival of the regional market, citing how firms like DLA Piper are using offices outside of London to deliver greater value to clients. In recent months, this trend seems to have snowballed, with Hogan Lovells, Allen & Overy and Herbert Smith Freehills all choosing to expand into the regions rather than overseas.
This trend, if it continues, will
see national firms encroaching on markets traditionally the domain of independent/mid-tier firms.
This situation can present management chal...
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