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The Rich Now Prefer the Small

by Carolyn Elefant on November 8, 2005 · 6 comments

in Client Service,Legal Profession Trends,Solo Practice Trends

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We frequently associate solo and small firm practice as populated with small clients who can’t pay the bills.  But that’s not so, at least according to this recent article, Petra Pasternak, NY Lawyer (11/7/05).  As the article reports (and not surprisingly), a recent study by Worth Magazine found that wealthy clients are “migrating…to smaller firms that heed the personal touch.” (no link to original study) The article also noted that many large firms are not interested in serving wealthy clients or lawyers have left the firm to start their own practice, presumably, where they continue to service wealthy clients.

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  • MURF

    Duhh…

  • MURF

    Duhh…

  • http://temp.starklawlibrary.org/blog/archive/2005_11.html#004463 Stark County Law Library Blawg

    “The Rich Now Prefer the Small”

    Posted by Carolyn Elefant: ?e frequently associate solo and small firm practice as populated with small clients who can’t pay

  • http://temp.starklawlibrary.org/blog/archive/2005_11.html#004463 Stark County Law Library Blawg

    “The Rich Now Prefer the Small”

    Posted by Carolyn Elefant: ?e frequently associate solo and small firm practice as populated with small clients who can’t pay

  • http://www.cdmedia-dvd.com John Feeney

    This should be an inspiration too everyone.
    Solo & SMBs can focus on the true key, personal touch, Relationship Building Skills. Gee, a large firm would shy away from a wealthy client because in the long run they would encourage independence? Somebody needs too step to the plate…what happen to take the money and the chips fall where they may….

  • http://www.cdmedia-dvd.com John Feeney

    This should be an inspiration too everyone.
    Solo & SMBs can focus on the true key, personal touch, Relationship Building Skills. Gee, a large firm would shy away from a wealthy client because in the long run they would encourage independence? Somebody needs too step to the plate…what happen to take the money and the chips fall where they may….

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