Back in July of 2014 (How could it possibly be that long ago?!), I wrote an article for Attorney at Work that focused on the importance of narrowly focused, niche legal practices, and how to go about building one. It was one of the most popular articles I’ve written, and became the catalyst for my book which came out in 2016.
In it, I challenged lawyers to visualize a continuum. On one end is the general practitioner – the “Jack of All Trades” – and on the other is the specialist – the “Master Craftsman.” The Jack of All Trades is busy, bouncing from project to project, learning a little about a lot. Clients think of the Jack of All Trades when price is a primary consideration. The Master Craftsman is also busy, but focused. She knows a lot about a little and is able to charge a price premium.
My thesis, backed by research and the experience of myself and others, is that if a lawyer is looking to build a practice, it’s better to become a Master Craftsman.