Trusts and estates practices come in a variety of forms—from standalone specialist boutiques to practices within larger firms.

A dedicated trusts and estates boutique firm by definition works exclusively in that space. Many of the full-service firms that shed their trusts and estates practices years ago are now rebuilding to compete for that work. In addition to bringing stability in economic booms and busts, providing this vital and highly personalized service helps keep the client’s work “under one roof,” limiting exposure to potential competition. While the large and midsized full-service firms are wooing lawyers for their rebuild, those lawyers committed to a trusts and estates practice should not overlook the benefits of a boutique.

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