"In recent years, the concept of industry-specific and interdisciplinary practice groups within law firms has gained significant traction. This shift reflects a major change in the internal structure and business strategies of law firms in their aim to increase profits and improve economic efficiency. Fintech, in particular, stands out as a transformative area. It has evolved from being distributed among multiple practice areas into a dedicated field and single area of practice at many firms. By reorganizing themselves to better align with the needs of their clients and the evolving market landscape, law firms are making fintech a critical focus for future growth."
In the first installment of our new series on Law.com, 'The Next Frontiers for Practice Groups at Law Firms,' Taylor Miller, explores the evolution of fintech as a practice area in both Biglaw and boutique firms and highlights its impact on attorneys, both at the associate and partner levels, considering lateral moves.
Read the full article: What Are the Next Frontiers for Practice Groups at Law Firms?—Part 1: Fintech