Small and medium-sized law firms are increasingly capable of handling “megamatters,” which are cases generating over $1 million in legal fees. Success in these high-stakes endeavors requires a significant appetite for financial risk, as firms may invest years of effort and hundreds of thousands of dollars without a guaranteed return. According to legal experts cited in the text, including Peter Prieto of Podhurst Orseck and Michael Haggard of The Haggard Law Firm, key strategies involve meticulous case vetting, building strong infrastructure, utilizing flexible fee arrangements, and partnering with other experienced firms. Taking on these large cases is described as a marathon, not a sprint, demanding experience, strategic efficiency, patience, and effective people management to achieve justice for the client.
