As businesses increase their operations and grow, the need for regular legal advice from lawyers who know their business and the legal environment of their industry as well as their internal operations grows as well. Many companies, however, do not wish to invest in and support the cost of their own legal department or individual corporate counsel.
The O'Dea Law Firm provides the counseling and advice to managers and owners of companies whose businesses require close support and access to knowledgeable counsel. As legacy model law firms have continued to increase their size, operate in an increasing number of locations, and increase their overhead costs, personnel costs, and fees, they have effectively withdrawn from the middle market. The O'Dea Law Firm has concentrated its practice on this vibrant and developing market.
For those engagements that require a multi-disciplinary approach that originally led to the rise of the large legacy law firms, the firm has developed the SFS Law Group service to offers its experience and expertise to clients and ability marshals the expertise of other lawyers through alliances, joint counsel engagements and other relationships.
The advantage to clients of the SFS Law Group and other New Model firms is in the efficiency and lower cost structure that large legacy firms cannot match in offering services to middle market clients.
As the legacy firms have continued to grow through mergers and acquisitions, their focus has moved to Fortune 500 and other large public companies, large financial institutions, foreign investment groups, Hedge Funds, Private Equity Funds and other major enterprises whose legal needs require multinational and multi city locations. Legacy firms are often much larger and more bureaucratic than their clients.
The investment, overhead, and personnel costs of the growth of legacy firms has left a large under-served market in which the value added services of the SFS Law Group, its focus on middle market businesses and ability to provide fairly priced services to middle market companies gives it a competitive and service advantage.