Where Heightened Client Service Meets Fresh Revenue: Inside the World of Law Firm Ancillary Businesses

As large law firms launch side businesses, they recognize the value of offering expertise in related non-legal areas. This strategy helps expand client offerings, attract new clients, and increase revenue. Ancillary businesses can complement a firm’s primary work by providing diverse expertise. Successful examples include Cozen O’Connor and Nelson Mullins Riley & Scarborough. While these operations can enhance a firm’s bottom line, managing them can still pose challenges.