Wednesday, July 9, 2014

Law Firms: From Small to Nuts


Score one for the little guy: Clients and mainstream media are noticing that mega firms might not just be the cure-all for the legal industry. E.g., Basha Rubin, Big Law, Big Problems: The Bright Future For Small Firms, Forbes.com (July 7, 2014 12:59 pm). Sure, there’s money, prestige, and comfort associated with hiring one: we can afford this, we mean business, I’m toast if we went with the smaller firm and it lost.  But there’s also a benefit to a client for choosing a smaller firm: probably lower fees, possibly more attentive service, fewer headache-inducing conflicts-of-interest issues.
There’s also benefit to the lawyer or support staff who opts for the small firm. Yes, there may well be less money, less prestige, and possibly less glamorous workspace.  But there may well be greater opportunity, more responsibility early on, exciting challenges on a daily basis, and a real sense of contribution to something being built. Is big firm v. small firm really such a tough decision?

—Lori Tripoli



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