No offense to the Texans out there, but bigger is not always better. In the legal world, that is particularly true when it comes to estate planning. While some practice areas benefit from working with major law firms (think corporate mergers and acquisitions), the impersonal trappings of BigLaw are not necessarily well-suited to the intimate nature of estate planning. In response, a cottage industry of boutique estate planning law firms has flourished across the nation. What these smaller firms lack in size, they tend to make up for in experience, producing several key benefits.
What are those benefits? Keep reading to learn why working with a boutique estate planning law firm is a great way to protect your loved ones and prepare for the future.
What is a Boutique Estate Planning Law Firm?
Put simply, a boutique estate planning law firm is about specialization. Unlike large law firms which handle myriad practice areas including everything from civil litigation to immigration law to personal injury and medical malpractice, boutique estate planning law firms like the Law Office of Tyler R. Barrett, P.L.L.C. work 24/7 helping clients leave a legacy via the use of wills and trusts. Unlike bigger firms, boutique estate planners are more discretionary about who they take on as clients. Oftentimes, that means turning down a potentially lucrative payday from clients with other legal needs. The result is an individualized approach that delivers the best possible service to each client.
Benefits of Working With a Boutique Estate Planning Law Firm
- Expertise in Estate Planning. Let’s face it: a person can only excel at so many things. And since estate planning is something that can impact families for many generations, attempting to be a jack-of-all-trades makes little sense. We at the Law Office of Tyler R. Barrett, P.L.L.C. pride ourselves with being on the cutting edge of the estate planning world. Tyler is a member of the WealthCounsel, a nationwide network of estate planning attorneys dedicated to excellence in asset protection and wealth preservation. Providing continuing education, state-of-the-art document drafting software, and the opportunity to collaborate with nationally recognized experts in the field, membership the WealthCounsel ensures that The Law Office of Tyler R. Barrett, P.L.L.C. is well-positioned to respond to changes in the law that can affect its clients.
- Pay Less. We would be lying if we said that money was not a motivator for attorneys. Everyone – be it attorneys or any other profession – wants to put food on the table and provide a comfortable life for their family. However, for most people, price is a big factor in choosing a law firm. Boutique law firms generally cost much less than large general practice firms. Why?
- Lower overhead
- No minimum billable hour requirements
- Ability to outsource business functions to external services
- Little to no turnover
- Increased focus on efficiency
The Law Office of Tyler R. Barrett, P.L.L.C. offers flat fee estate plans with no hidden costs. You will know up front what you are going to pay for your estate plan, allowing you to make a financially informed choice on whether to retain us. By partnering with virtual service providers who are significantly more cost-effective than in-office employees, we can minimize future increases to our rates.
- Personalized Estate Plans. At a boutique estate planning firm, everyone knows your name and face. Moreover, as a husband-and-wife team, Tyler and Matti Barrett are dedicated to maintaining a family-oriented environment and culture at The Law Office of Tyler R. Barrett, P.L.L.C. We recognize that there is no one-size-fits-all estate plan. We emphasize quality over quantity. We make an extra effort to get to know you and your family dynamics. That way, we can craft an estate plan that aligns with your specific goals and fully addresses your fears and concerns. With our client maintenance program, we assist clients in staying up to date as the years pass.
- Nothing is more frustrating than trying to track down a partner at a major law firm. Or worse yet, thinking that you are signing up to work with a certain partner only to never see them again as your case is handed off to junior attorneys, paralegals, and interns. At the Law Office of Tyler R. Barrett, P.L.L.C., you will always have access to Tyler and Matti – who are involved with every case from start to finish.
As you can see, boutique law firms can be extremely advantageous. In fact, some analysts predict that increasingly more lawyers and clients will flee the megafirms in favor of high-quality boutiques.
Give us a call today and find out how a tailored estate plan from a boutique law firm can give you the peace of mind that you deserve. Please contact our Norman, Oklahoma office at 405-928-4075.