(Photo: Aerogondo/Adobe Stock) With 'Fractional' C-Suite Advisers, Midsize Firms Balance Expertise With Expense
While the fractional C-suite model may sound similar to the consulting model, these professionals focus on smaller firms and boast a more hands-on approach to their work
June 20, 2024 at 05:00 AM
4 minute read
Consulting
The original version of this story was published on The American Lawyer
What You Need to Know
- Some midsize firms looking to leverage Big Law experience for a lower price point are taking advantage of a 'fractional' leadership model.
- This entails outsourcing marketing and strategic needs to industry veterans.
- Services offered under the fractional model range from specific projects to stop-gap work as a new hire settles into a position.
How do you compete against an rival multiple times your size, with a far larger budget and seemingly limitless resources?
For midsize firms, you get smarter about spending on your own business resources, with some opting to take advantage of a "fractional" C-Suite model balancing expense with, in some cases, Big Law levels of expertise.
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