This Legal Futures roundtable report, published in association with Thomson Reuters, looks at what SME law firms are doing to grow their profit margins at a time of economic uncertainty and ever-greater competition.
What was so striking about the debate was that despite the very different practices represented around the table, the approach was largely the same. From bespoke property law advice from a traditional partnership to largely automated personal injury work from a limited company, there was more that united our participants than divided them – although the continuing role of the partnership was one of them.
Putting a few lawyers around a table invariably produces a stimulating and challenging discussion, and this was no different. There will always be a place for SME law firms, and this roundtable – showcasing their ability to focus, experiment, and succeed – shows how valuable they are to the legal ecosystem.