and the Midsize Firm By Erika Winston & Anna Stolley Persky F or decades legal analysts have warned of the impending demise of the midsize law firm. These predictions were largely based on the increasing appearance of megafirms and their substantial influence within the legal community. Though many midsize firms were able to hold on and even thrive during the late 1990s and early 2000s, these law practices may once again be faced with a significant challenge to their existence: globalization. Frazer Hudson/ Ikon Images/Getty Images