It is a common mistake of practices to move their best fee-earners into managerial positions and, in the process, lose their best fee-earners to the rigors and time constraints of managing.
Niche legal firms will have lower overhead, be able to provide a more tailored and potentially dedicated individual service to their clients, and will be easier to manage on both a supervisory and regulatory level, due to a smaller number of staff involved.
Having a niche role in any community remains an effective route to market for the legal field, and a chance to remain profitable as a company.
There remain areas of law practice within the modern claims sector that can be seen as niche. What is clear is that those niches have become far more specialized and specific.