The Rich Now Prefer the Small

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.

6 Comments

  1. MURF on November 8, 2005 at 7:35 pm

    Duhh…



  2. MURF on November 8, 2005 at 7:35 pm

    Duhh…



  3. Stark County Law Library Blawg on November 9, 2005 at 7:52 am

    “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



  4. Stark County Law Library Blawg on November 9, 2005 at 7:52 am

    “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



  5. John Feeney on November 9, 2005 at 5:54 pm

    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….



  6. John Feeney on November 9, 2005 at 5:54 pm

    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….



Leave a Comment