Credit: denisismagilov/stock.adobe.com What Are the Next Frontiers for Practice Groups at Law Firms?—Part 1: Fintech
"The formation of industry-specific practice groups like fintech signals a significant shift in how law firms operate and approach business," writes Taylor Miller of Whistler Partners.
July 26, 2024 at 11:30 AM
7 minute read
Law Firm Management
In recent years, the concept of industry-specific and interdisciplinary practice groups within law firms has gained significant traction. This shift reflects a major change in the internal structure and business strategies of law firms in their aim to increase profits and improve economic efficiency. Fintech, in particular, stands out as a transformative area. It has evolved from being distributed among multiple practice areas into a dedicated field and single area of practice at many firms. By reorganizing themselves to better align with the needs of their clients and the evolving market landscape, law firms are making fintech a critical focus for future growth.
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