Downward pressure on pricing, swelling in-house teams and increased competition from new market players is hurting mid-sized firms.
The mid-tier is struggling to retain talent and the outlook for many is ever more cautious as technology leads to greater commoditisation of work and corporate clients continue sucking in more work than they farm out.
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Marianna Papadakis writes on court and legal affairs reporter. She is based in our Sydney newsroom. Connect with Marianna on Twitter.