A good time to be mid-tier: private equity interest on the rise as mid-market thrives

The LB100 results for 2023-24 are in, and while the demise of the mid-market has been long forecast, the numbers suggest it’s a good time to be a medium-sized law firm.

With average revenue growth of 10%, this firms in the 51-100 bracket are well up on last year’s equivalent performance of 6% and keeping pace with the overall average, while they are also are outpacing the top 20, which this year saw average growth of 8%.

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