LAKE SUCCESS, N.Y., Oct. 19, 2015 /PRNewswire/ -- According to Howard Fensterman, Managing Partner of Abrams, Fensterman, Fensterman, Eisman, Formato, Ferrara & Wolf, LLP, the collective expertise and experience within today's mid-size law firms, and the resulting insights that evolve among the firm's senior members, represents a mid-size law firm's true brand-value; the DNA of the firm that immediately resonates with clients who are, more than ever, demanding high quality service across a broader array of competencies and efficiency in meeting their complex legal challenges.
"Individuals, small businesses and mid-size corporations are challenging traditional law firm practice-paradigms and are aggressively seeking firms with deeper bench capabilities and a culture that supports integration of information, ideas and experience," says Fensterman. "Today's law firms can no longer be restrained about their team's accumulated knowledge and experience," Fensterman notes. "Firms need to showcase their cross-practice-area capabilities and underscore the way they can be brought to bear if and when a client matter requires them."
Over the years, the management team at Abrams Fensterman has aggressively encouraged the migration of information and experience throughout the firm. This has very practical value to old and new clients alike. They can be assured that their primary counsel is benefiting from the resident knowledge of the entire firm.
"Whether it is a corporate mater or a matrimonial dispute, no contemporary legal entanglement exists in a vacuum. Therefore, clients have the right to expect that in addition to working with a specialist attorney that has a concentrated skill set, that attorney has a broad array of professional talent that he or she can call on to best serve the complex legal issues facing their client," Fensterman points out.
"Small, generalist law firms and small hyper-specialized firms certainly have a place in the legal market, as do the super large firms," says Fensterman. "But increasingly, the small firms are not meeting client expectations when the matter at hand goes beyond a narrow band-width engagement. Likewise the very large firms are experiencing the inescapable challenges that are directly related to their size and overhead. Large firms are finding it difficult to effectively deliver cross-expertise talent to clients due to the silo structure that typically characterize these firms. Additionally, the operating cost associated with large firms makes it difficult for clients to extract value for money. Even large corporations are today engaging mid-size law firms to handle assignments that, in the past, would always go to larger firms," adds Fensterman
As many U.S. and foreign corporations struggle to "right-size" in order to meet profitability targets and customer demands, from Howard Fensterman's vantage point, his and other mid-size law firms are in the right place, at the right time.
SOURCE Abrams, Fensterman, Fensterman, Eisman, Formato, Ferrara & Wolf, LLP