Small law firms that not only understand what their idiosyncratic low-hanging fruit is but are also adept at reaching for it will be much better placed to craft business operations in ways that make sense for the practitioner. In this episode of The Boutique Lawyer Show, host Jerome Doraisamy welcomes back C Legal & Co principal Claire Styles, a former winner of the Sole Practitioner of the Year category at the Australian Law Awards, to discuss what it means to grasp the low-hanging fruit and why this is so essential for boutique practices, how difficult it can be for such practices to understand the need to operate in such ways, and the benefit of learning from experience.
Styles also reflects on the law of diminishing returns, the toll of imbalance upon practitioners, the importance of undertaking annual reviews, having the option of allocating your time in ways that make sense to you, how she has gone about grasping the low-hanging fruit for her own firm, opportunity costs, and cost-benefit analyses that will reap rewards for firm owners.
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