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Why Virtual Law Firm Growth Is Outpacing BigLaw

Law360 (February 9, 2018, 2:17 PM EST) -- As large and midsized law firms continue to see incremental increases in revenue and head count, cloud-based firms are reporting soaring growth figures, a trend some say is a result of the firms' ability to deliver increasingly sophisticated legal services at a lower price.

The 400 largest law firms in the U.S. by domestic head count have grown between 1 and 2 percent a year on average over the past five years, according to data collected by Law360. And revenue growth has been similarly modest, with...
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