Is bigger always better? A very insightful Q&A into the thoughts of two very successful independent law firms and how they are remaining independent in an increasingly global market. The key messages being the need to focus on what you’re good at and the importance of relationships at a firm and client level.
“Bigger isn’t always going to be better, even if bigger is somehow baked into human DNA. For Wachtell, we satisfy our ambitions by the quality of the work we do and the importance of the situations in which clients seek our advice. We’re all practitioners, all on the front line, working on client problems and that’s what we prize above all else – that’s our competitive edge. Our view is that our sort of intensity and teamwork would be degraded by being part of a platform of thousands of lawyers. To be at the highest level you need a tremendous team effort and that’s facilitated by all of us being in one office, working together and knowing each other well, while also having deep relations with other firms around the world.