Why Set Up Your Own Law Firm?

Many question why a partner at the top of their game, being handsomely paid at a prestigious large law firm would decide to roll the dice to launch their own firm. However, with clients mainly loyal to partners and teams rather than firms, ever advancing technology, and the increasing availability of flexible resourcing solutions (across both 'front' and 'back' office), a small but growing number are choosing to do just that.

In our experience, the factors that motivate these founders break down into three buckets:

1. Creation.
The most important thing is the burning desire to create something new and different both for clients and talent. In many instances these new launches have a laser focus on a particular practice area and / or client segment and seek to tailor their offer accordingly, ensuring talent, incentives, pricing and delivery models are optimised in a way they often can't be in a large, multi-service firm. The ability to mould a new culture is