The overwhelming majority of Australian legal practices are boutiques and sole practitioners. Given how many businesses (in all industries) do not survive the first few years, it is incumbent upon legal business owners to take steps to guarantee success.
On this episode of The Boutique Lawyer Show, host Jerome Doraisamy is joined by Travis Schultz & Partners managing partner Travis Schultz to discuss the proliferation of small law firms in Australia over the past five years and the need for those business owners to engage with what he sees as the foundations for success.
The pair also discuss the advent of new foundational blocks in the wake of COVID-19 as the pandemic has increased the propensity for small businesses to fall over, and whether or not there should be professional conduct rules to ensure that firms cannot easily fail.
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Plus, in case you missed them, check out our most recent episodes:
- Small still equals ‘leading edge’
- Living in DC while running a Qld-based firm
- Diversifying the business of law