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They were stubborn. See the policies which Kangan, Crawford etc have in place in 2025 no one would want to work there.
Also why don't any firms from early 1900s exist as market leader anymore? Is is a sign that law firm leaders aren't open to change often leading to them being obselete in decades?
My criteria of checking if a firm is Tier-1 or not:

1. Should be a full service law firm

2. Should be one of the highest paymaster

3. Should have a Knowledge Management team

4. Should have offices at Del, Mum, and BLR
All pomp and show

Everyone wants to feel good about their choices/situation/workplace on LI and will classify their Firm as the real Tier 1 ;)