While there is still a surge of lawyers going solo, many solo attorneys are finding success by
developing a niche practice area (or areas).
Although many lawyers are beginning to catch on to the idea of
developing a niche practice or focusing on a niche, they fail to take the additional step of getting into the minds of their potential clients and doing some serious thinking about what the potential client wants or needs most.
While operating his law firm,
he developed his niche practice of representation of transportation clients.
GA: A lawyer should either
develop a niche practice or diversify his skill set, as mentioned above.
Mr. Brewer moved to Porter & Hedges, LLP, and
developed a niche practice in the areas of real estate development, financing, and leasing.
Bill
developed a niche practice representing professionals (including attorneys, accountants and physicians) in connection with issues arising when they join or leave a professional practice group, including counsel with respect to non-compete and non-solicitation obligations and other restrictive covenants.
Those very issues were discussed at an ABA Techshow panel in March, «General Practice to Boutique Firm,
Developing a Niche Practice.»
In addition, Harry has
developed a niche practice representing financial services companies, including business development companies (BDCs), private investment funds, lending cooperatives, banks and insurance companies, in connection with a myriad of securities transactional and regulatory matters.
The 1990 law school graduate sees specialization as an asset for her practice and figures «it's probably not impossible to
develop a niche practice right out of law school, if you hook up with mentors willing to put the time in.»
She developed a niche practice in unemployment insurance law at Fabian May & Anderson PLLP and worked on consumer class action cases at Nichols Kaster PLLP before opening Harmony Law Firm.
Jeff Berman's take - away from Gladwell's talk is that it demonstrates the importance of
developing a niche practices (a concept that I too endorse) that cater to the differing needs of clients.
Trusova has
developed a niche practice in internet and social media related disputes.
Not exact matches
We recently discussed how you can
develop your own
niche market for your
practice.
Developing a
niche market can be overwhelming, especially if you are
practicing a new area of law.
Some firms focus relentlessly on becoming recognised for certain
practice areas, and
developing their experience in dealing with specific,
niche or complex matters.
You are an expert in your
practice area, especially if you have
developed your firm to serve a particular
niche group.
Estrella, LLC has
developed a
niche in retail law and has become the leading retail
practice in Puerto Rico.
For example, Joshua Cohen, a 2007 graduate of Quinnipiac School of Law,
developed a
practice niche working with parents and graduates who are struggling with student loan debt problems.
Originally started as a means to promote your
practice and
develop your profile as a trusted source in a
niche field (think «legal marketing» or «maritime law «-RRB-, you've come to find that creating original content for your blog, not to mention promoting said content, is more challenging than you anticipated.
He specializes in banking, insolvency, fraud and directors» misfeasance cases and has
developed a
niche area of
practice, in recent years, relating to the taking of evidence in London for use in US antitrust and securities class actions.
Modern law
practice management tells lawyers to narrow their client base, focus on a specific
niche, and
develop a specialization that will set them apart from their competitors.
With John's help, the foundation for Kim's business case is being laid: she gains several sponsors and informal mentors,
develops relationships with key clients and carves out a
niche that supports John's and, as needed, other partners»
practices.
● Clarify the vision, purpose, and mission for your law
practice ● Define and
develop your legal
niche to match your greatest strengths and motivate you to be the best in that field ● Project a likeable personality and acquire traits that will attract potential clients, who will eagerly seek you out to solve their legal problems ● Network and market your
practice to generate a stream of clients ● Efficiently manage a solo law
practice or small firm with limited resources and optimum results ● Evaluate law
practice technology and marketing companies to find those which add value to your business (within your budget) ● Create systems and procedures for all office operations and client relations ● Create a peer group or gain a mentor to encourage and guide you as you build your
practice
With over 10,000 divorces in Connecticut annually, Lady Divorce sees a fantastic opportunity to
develop this new
niche practice.
He has subsequently
developed a
niche criminal
practice, concentrating on public law challenges to corporate criminal investigations, data protection offences and other complex matters relating to the criminal justice system.