Jul 30, 2024
In recent years, there’s been a “huge” rise in the number of
boutique practices in NSW alone, and such firms, more broadly, are
becoming more and more specialised. These trends, together with
increased demand from clients for competitive rates, have created a
“perfect storm” in which small firms can flourish against the big
end of town.
In this episode of The Boutique Lawyer Show, host Jerome Doraisamy
welcomes back Redenbach Legal principal Keith Redenbach to discuss
the increase in specialisation and movement away from
generalisation in smaller firms, the modernisation of law as a
profession, economic jitters and how these impact upon small-firm
owners.
Redenbach also discusses the “perfect storm” creating
opportunities for specialised, smaller law firms that can offer
competitive rates relative to the big end of town, the challenges
inherent with staying ahead of the curve, the questions firm owners
need to ask themselves in the new financial year, playing offence
and defence, understanding why specialisation is so critical moving
forward, and why he is so excited about such market disruption.
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If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!