The #1 trend in the legal sector today is law firm M&A: taking smaller firms and rolling them into bigger ones in order to take advantage of economies of scope and scale. Case in point — right here in DuPage County Fewkes Wentz & Strayer has joined Huck Bouma PC. The resulting firm will consist of 34 Attorneys practicing in the areas of corporate law, estate & tax planning, real estate, and litigation.
Editor’s Note: let us know of other firms going through this same process (large, small, local, or anywhere else). Consolidation within a sector is the first line of defense against the erosion of market share and profit margin that comes with commoditization. In short, you are now a replaceable vendor of fungible services. Deal with it.