Are New Model Law Firms Poised for Growth?
At the beginning of the 21st century, in 2002, the first ‘new model” (aka distributed or virtual) law firm was launched. The firm, FisherBroyles, now ranks 148 on the AmLaw 200. At the start of 2024, 130 lawyers spun off from FisherBroyles to form Pierson Ferdinand, offering changes to the original model. Pierson Ferdinand now…