The emergence of social entrepreneurship points to a promising specialty market for law firms, in which, as in other areas of legal services, an early entrant with an intensely client-focused and well-managed practice could establish a significant and durable competitive advantage. This creates a market opening for small and midsize firms with well-balanced transactional experience.
In this arena, size is not necessarily an advantage.
Should your firm consider a venture into this emerging legal market sector? We recommend that your decision-making process should include at least these four steps:
- Research the market.
- Inventory your internal expertise.
- Develop and industry-sector business plan.
- Develop a marketing plan for the social entrepreneurship sector.
For more information, click here to download our background briefing: Social Entrepreneurship and Law Firm Strategy.
Norman Clark
To learn more about how Walker Clark LLC can help your firm set and achieve your strategic priorities, click here.