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Solo and Small Firm Attorneys Branch Out to Make Ends Meet
The Connecticut Law Tribune
Lawyers have begun noticing some unfamiliar faces in their area of specialty. And given the state of the economy, they don't think it's a coincidence. They say solo practitioners and small firm lawyers have been forced to branch out in order to stay afloat financially during lean times. Yona Gregory is a solo attorney in Connecticut with a real estate law practice who has taken on more criminal defense work as housing values have plummeted. "I have seen a lot of solo real estate people in the criminal courts," she said.
Using Crisis Communications to Protect Your Law Firm's Reputation
New Jersey Law Journal
There are many recent examples in the news of crisis situations that law firms should be thinking about if they are serious about protecting their hard-earned reputations with clients, prospects, employees and the communities where they have offices. Unfortunately, many firms still do not adequately prepare for the worst when it comes to their business, writes consultant Rich Klein. He provides some steps a firm can take before a crisis, during a crisis and after the crisis begins to subside.
Full-Service Practices Aren't Just for Megafirms
The Legal Intelligencer
As smaller firms have become increasingly specialized, is there still something to be said for housing a diverse array of practice areas under one small-to-midsize roof, especially following a year of economic turmoil? The heads of many of Pennsylvania's small and midsize general practice firms certainly think so. It's true smaller general practice firms can't satisfy every need of every type of business, they say, but they can offer businesses of all sizes an array of affordable services.
Small Firm's Model Frees It to Take Complex but Unprofitable Cases
The Recorder
Rosen, Bien & Galvan doesn't specialize in pro bono, but its lawyers do believe that taking on public interest matters is important and devote significant time and resources to such cases. The pay, however, isn't always stellar, or predictable. Though there has been at least one year when partners made less than associates, there have also been multimillion-dollar awards at the end of long cases. The firm's model only works, managing partner Michael Bien says, because its caseload is highly diversified.
A Small Firm the Big Firms Can Turn To
The Recorder
Funny how contacts and conflicts can conspire to get work into a lawyer's hands. Two Morgan Miller Blair partners recently represented Greenbox Technology Inc., an energy management software maker for homeowners, in its sale to Silver Spring Networks, a green-tech startup. Fenwick & West had been outside counsel for the two companies, and obviously couldn't represent both in the transaction. So Greenbox CFO Betsey Nelson dialed Morgan Miller Blair partners Steven Harmon and George Cabot, who had previous ties with her.
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