Texas-based business law firms are facing extraordinary competitive pressures from out-of-state corporate legal operations and many say they will need to merge with larger law firms in order to survive.
Nine of 10 leaders at law firms headquartered in Texas predict that competition from national legal practices is only going to increase, which they say could cause them to lose clients and talent, according to a new survey of 60 Texas law firm leaders by Zeughauser Group, a national legal consulting firm.
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