I've been preaching to the business community for years that small to midsize businesses should replace their well known, brand name, large law firm with a small law firm with very experienced attorneys (like mine). After all, this is what many large businesses are doing.
Smaller law firms tend to be leaner and offer better prices by leveraging technology rather than a pyramid structure of hourly billers. Attorneys at smaller law firms also tend to be more responsive to their clients because they directly manage the client relationship, and they tend to be more entrepreneurial and creative than large law firm attorneys.
At least this is what I hear from our clients.
There has been quite a few news reports on this trend of businesses moving to smaller law firms. Here is a sampling:
Forbes: (July 2014): Big Law, Big Problems: The Bright Future For Small Firms
Harvard Business Review (Oct. 2013): Why Law Firm Pedigree May Be a Thing of the Past
Wall Street Journal (Oct. 2013): Smaller Law Firms Grab Big Slice of Corporate Legal Work
Above the Law Blog (Oct. 2013): General Counsel Increasingly Dumping the Top BigLaw Firms
Mark D. Walters
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