June 01, 2015

Solo and Small Firm Practices Set to Thrive in the New Legal Marketplace

Pamela Bucy Pierson

Small firms and solo practitioners are poised to thrive in today’s legal market. This article discusses five market conditions that spell hardship for large and medium-sized law firms and opportunity for small firms and solo practitioners:

  • Changes in client behavior and expectations
  • Lower billing rates and billing flexibility, which small firms and solo practitioners are able to provide
  • Increasing conflicts of interest clients experience with large law firms
  • Quality of life advantages offered by small firms and solo practices
  • Newly created resources available to small law firms and solo practitioners
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