Steven Cooperman Discusses Mid-Law Market Trends in Law360

Morrison Cohen Managing Partner Steve Cooperman was quoted in the Law360 article, "Mid-Law Firms Flush But Cautious Halfway Through 2026," which examined the strong first half of the year for midsize law firms and the opportunities and challenges shaping the legal industry in the months ahead.

The article explores how many midsize firms have benefited from increased demand and revenue growth in 2026 while navigating ongoing economic uncertainty, industry consolidation and the growing impact of artificial intelligence on legal services.

Steve discussed how client expectations around AI are influencing law firm operations and pricing strategies. “As a midsize firm, we are not immune to the demands on law firms from their clients to see the impact of AI on their bills, and to be identifying certain work streams that can be packaged and price fixed,” he said. “Clients are looking to decrease volatility in pricing and are therefore looking for law firms to partner with them on pricing models that work for everyone.”

He also noted that Morrison Cohen's revenue is up more than 10% compared to the same time last year and emphasized the firm's continued focus on delivering exceptional client service while closely monitoring emerging trends, including artificial intelligence and private equity investment in the legal sector. “We are always keeping our ear to the ground,” he said.

Subscribers to Law360 may read the full article here.