Law Firms and Their Future in the Changing Legal Industry | BCGSearch.com

Law Firms and Their Future in the Changing Legal Industry

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When considering and, specifically, the nature of marketing legal services in the future, the best guide is empirical data of two kinds: (1) law-specific data combined with (2) information from the mature unregulated service professions.
Law firms and Their Future in the Changing Legal Industry

Both data indicate the same trends: There will be an ever-increasing trend to multinational megafirms. But there will also be an ever-increasing trend to boutiques and even highly successful solo practitioners. Simultaneously, a decrease in individual attorney loyalty to law firms' institutionally will continue. Those firms clearly doomed to extinction are the "general-practice" or "full-service" midsized firms. Whether your firm, like the dinosaurs, is headed for the tar pits or not is a function of the size of your target market segments, defined in terms of geography, demography, or industrial classification.

There in lies the clue to future success: The survivors will know their target client group inside out and upside down. The depth of information will greatly exceed that of an occasional social encounter or friendly neighbor relationship. If there is a new trend, it will be toward a greater segmentation and establishment of relationships along psychographic lines, that is, life-styles and values.

Considerable attention will continue to be given to the legal profession by both the business and popular press. Subjects such as lawyer incomes, firm structures, mergers, and legal trends, all command significant space in the press and attention by the electronic media.

One trend that will not come to fruition is a Big Eight or Big Five as has happened in the accounting profession. Why?
There are two contributing factors:
  1. Law is more complex with more separately identified practice areas.
  2. By its nature, the practice of law requires stronger egos which probably translates into more individuals wanting to be the big frogs.
A frequent recurring issue will be alternatives to conventional legal service. While alternate dispute resolution (ADR) is touted as a promising trend to lower litigation incidence and costs, ADR is by no means the only issue. Legal technicians, legal clinics, storefront law offices, do-it-yourself legal software, and fill-in-the-blank legal documents are all getting wider attention. To a certain degree, they will be successful in capturing legal fees. Why? It is not just a matter of the cost of legal services but perceived value as well. It's no secret that the level of distrust by the lay public of both civil and criminal courts has risen, reflecting a lack of faith in the legal system altogether. Therefore, as a profession, law needs to reassess what it can do to reverse this alarming trend and implement proactive strategies.
Importance of client service

Ideally, all attorneys—public and private alike—must assure that their clients are being well served, specifically making sure they are getting the results they want, to the extent allowable. For lawyers in private practice, this is just another reason for niche marketing, which calls for specialized expertise to be focused for a unique clientele. It is neither practical nor possible to "be all things to all people." The best approach is to pick a niche and then to serve the clientele or constituency to the greatest extent possible.

A final trend is that in order to better serve the business and corporate clients, megafirms will own other professional firms, such as engineering, public relations, land use consultants, and on and on. In sum, the obvious conclusion is that the profession will become more crowded. There will continue an even more rapid attrition of practicing attorneys.
Opportunities will exist in abundance for those who are smart marketers—those who deliver what the market needs, focusing on niches, and those who do a good job of building recognition and credibility without losing sight of their single best source of new business and referrals, their existing client base. Whether in multinational megafirms, boutiques, or solo, lawyers need to be sensitive to the nature of a maturing profession. In the simplest of all terms, client-focus is the answer to the future.

Knowing and implementing the Client-Focus Theory

Most attorneys attend law school for two reasons: to reach personal and financial objectives. Attorneys who are happy in their practice of law today are attaining both goals, at least to some satisfactory degree. If these goals are not being met, for whatever reason, the attorney logically takes corrective action. It is clear that attorneys cannot practice the law they want without the clients who need the expertise the attorney can pro¬ vide. It is also clear that attorneys cannot earn the dollars they want without clients who can and are willing to pay. So the clients must be found and maintained. This search for clients is called business development, or marketing. The client-focus theory holds that fulfillment of the attorney's personal and financial goals comes through a focus on client needs. When the right clients are found and served well, it is a win-win situation, allowing attorneys to practice what they want and with whom they want. For the attorney, finding the right clients means the clients will receive superior legal service. The clients will obtain desired results. In the process, the attorney will be satisfied with his or her practice and, presumably, be compensated for this service. Some essays on legal marketing divide all attorneys into two groups. One group of attorneys is production or practice centered. These attorneys are oriented toward the practice of specific areas of the law. They know which area of the law they like to practice, and they are usually very good at it. The other group is client centered, focusing on client needs. The client- focus theory says that being client centered is ultimately the only valid orientation for successful attorneys. Being client-focused means having an active plan to deliver superior legal products and services to clients at the time they want to buy.

Importance of understanding your clients

Understanding clients goes beyond knowing a little about their business or a few things about their personal lives. Real understanding means knowing what causes a client to make a particular decision. It means developing a personal relationship with each client, upon which a foundation of trust can be established. Individual attorneys must foster these relationships. The client, therefore, becomes the center on which the attorney's world turns. The client-focus theory is the key to ultimate attorney success. It removes the clutter from the marketing matrix by narrowing the attorney's efforts to serve the client. Attorneys will always need to remain legal practitioners of the highest quality. But through the adoption of a client-focused attitude, and the embracing of practical methods to enhance client service, the attorney will also see the practice grow and prosper, ultimately fulfilling his or her personal and financial goals.
 
 
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About Harrison Barnes

No legal recruiter in the United States has placed more attorneys at top law firms across every practice area than Harrison Barnes. His unmatched expertise, industry connections, and proven placement strategies have made him the most influential legal career advisor for attorneys seeking success in Big Law, elite boutiques, mid-sized firms, small firms, firms in the largest and smallest markets, and in over 350 separate practice areas.

A Reach Unlike Any Other Legal Recruiter

Most legal recruiters focus only on placing attorneys in large markets or specific practice areas, but Harrison places attorneys at all levels, in all practice areas, and in all locations-from the most prestigious firms in New York, Los Angeles, and Washington, D.C., to small and mid-sized firms in rural markets. Every week, he successfully places attorneys not only in high-demand practice areas like corporate and litigation but also in niche and less commonly recruited areas such as:

This breadth of placements is unheard of in the legal recruiting industry and is a testament to his extraordinary ability to connect attorneys with the right firms, regardless of market size or practice area.

Proven Success at All Levels

With over 25 years of experience, Harrison has successfully placed attorneys at over 1,000 law firms, including:

  • Top Am Law 100 firms such including Sullivan and Cromwell, and almost every AmLaw 100 and AmLaw 200 law firm.
  • Elite boutique firms with specialized practices
  • Mid-sized firms looking to expand their practice areas
  • Growing firms in small and rural markets

He has also placed hundreds of law firm partners and has worked on firm and practice area mergers, helping law firms strategically grow their teams.

Unmatched Commitment to Attorney Success - The Story of BCG Attorney Search

Harrison Barnes is not just the most effective legal recruiter in the country, he is also the founder of BCG Attorney Search, a recruiting powerhouse that has helped thousands of attorneys transform their careers. His vision for BCG goes beyond just job placement; it is built on a mission to provide attorneys with opportunities they would never have access to otherwise. Unlike traditional recruiting firms, BCG Attorney Search operates as a career partner, not just a placement service. The firm's unparalleled resources, including a team of over 150 employees, enable it to offer customized job searches, direct outreach to firms, and market intelligence that no other legal recruiting service provides. Attorneys working with Harrison and BCG gain access to hidden opportunities, real-time insights on firm hiring trends, and guidance from a team that truly understands the legal market. You can read more about how BCG Attorney Search revolutionizes legal recruiting here: The Story of BCG Attorney Search and What We Do for You.

The Most Trusted Career Advisor for Attorneys

Harrison's legal career insights are the most widely followed in the profession.

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If you are serious about advancing your legal career and want access to the most sought-after law firm opportunities, Harrison Barnes is the most powerful recruiter to have on your side.

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With an unmatched track record of success, a vast team of over 150 dedicated employees, and a reach into every market and practice area, Harrison Barnes is the recruiter who makes career transformations happen and has the talent and resources behind him to make this happen.

A Relentless Commitment to Attorney Success

Unlike most recruiters who work with only a narrow subset of attorneys, Harrison Barnes works with lawyers at all stages of their careers, from junior associates to senior partners, in every practice area imaginable. His placements are not limited to only those with "elite" credentials-he has helped thousands of attorneys, including those who thought it was impossible to move firms, find their next great opportunity.

Harrison's work is backed by a team of over 150 professionals who work around the clock to uncover hidden job opportunities at law firms across the country. His team:

  • Finds and creates job openings that aren't publicly listed, giving attorneys access to exclusive opportunities.
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This level of dedicated support is unmatched in the legal recruiting industry.

A Legal Recruiter Who Changes Lives

Harrison believes that every attorney-no matter their background, law school, or previous experience-has the potential to find success in the right law firm environment. Many attorneys come to him feeling stuck in their careers, underpaid, or unsure of their next steps. Through his unique ability to identify the right opportunities, he helps attorneys transform their careers in ways they never thought possible.

He has worked with:

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For attorneys who think their options are limited, Harrison Barnes has proven time and time again that opportunities exist-often in places they never expected.

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If you want to explore new career opportunities, Harrison Barnes and BCG Attorney Search are your best resources. Whether you are looking for a BigLaw position, a boutique firm, or a move to a better work environment, Harrison's expertise will help you take control of your future.

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Harrison's reach, experience, and proven results make him the best legal recruiter in the industry. Don't settle for an average recruiter-work with the one who has changed the careers of thousands of attorneys and can do the same for you.


About BCG Attorney Search

BCG Attorney Search matches attorneys and law firms with unparalleled expertise and drive, while achieving results. Known globally for its success in locating and placing attorneys in law firms of all sizes, BCG Attorney Search has placed thousands of attorneys in law firms in thousands of different law firms around the country. Unlike other legal placement firms, BCG Attorney Search brings massive resources of over 150 employees to its placement efforts locating positions and opportunities its competitors simply cannot. Every legal recruiter at BCG Attorney Search is a former successful attorney who attended a top law school, worked in top law firms and brought massive drive and commitment to their work. BCG Attorney Search legal recruiters take your legal career seriously and understand attorneys. For more information, please visit www.BCGSearch.com.

Harrison Barnes does a weekly free webinar with live Q&A for attorneys and law students each Wednesday at 10:00 am PST. You can attend anonymously and ask questions about your career, this article, or any other legal career-related topics. You can sign up for the weekly webinar here: Register on Zoom

Harrison also does a weekly free webinar with live Q&A for law firms, companies, and others who hire attorneys each Wednesday at 10:00 am PST. You can sign up for the weekly webinar here: Register on Zoom

You can browse a list of past webinars here: Webinar Replays

You can also listen to Harrison Barnes Podcasts here: Attorney Career Advice Podcasts

You can also read Harrison Barnes' articles and books here: Harrison's Perspectives


Harrison Barnes is the legal profession's mentor and may be the only person in your legal career who will tell you why you are not reaching your full potential and what you really need to do to grow as an attorney--regardless of how much it hurts. If you prefer truth to stagnation, growth to comfort, and actionable ideas instead of fluffy concepts, you and Harrison will get along just fine. If, however, you want to stay where you are, talk about your past successes, and feel comfortable, Harrison is not for you.

Truly great mentors are like parents, doctors, therapists, spiritual figures, and others because in order to help you they need to expose you to pain and expose your weaknesses. But suppose you act on the advice and pain created by a mentor. In that case, you will become better: a better attorney, better employees, a better boss, know where you are going, and appreciate where you have been--you will hopefully also become a happier and better person. As you learn from Harrison, he hopes he will become your mentor.

To read more career and life advice articles visit Harrison's personal blog.


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