Most of the Indian Law Firm as we know are overly associated with the key managing partner and are a brand replica of the of his or her name, often named after him. Only a handful of the law firm has institutionalized their practice by distributing the managerial responsibility. Institutionalizing has many advantages but is often a big step for the founding partners as they get too personal with their Law Firms practice and start considering it as a sole proprietary. But for those who actually care about their clients and Firm instead of their personal brand do institutionalize their practice. Though there is just a handful of them.

These individuals are more trusted by their clients as institutionalizing eliminates uncertainty. The clients would no longer be vulnerable even if something happens to you or you are unavailable for a long time. They can be assured of your law form’s consistent service and responsiveness.

Apart from client security, other benefits include peace of mind, easing of your workload and having an optimum work-life balance. Institutionalizing will bring more reliability to your practice, and make it much easier for you to monitor and manage.

Finally, Building a Law Firm takes many years. Will it be of any worth if it’s completely dependent on you and you walk away? Such practice is not one that someone will be willing to pay much for. An institutionalized practice, on the other hand, is likely to be valuable for an acquirer, since he knows that customer assets and relationships are not person-dependent and will retain their value even under a new ownership.

Firms like J Sagar and HSA have recently institutionalized their practice. With the founders distancing their selves from the core management and delegation.

LegalXGen facilitates a smooth transition in the institutionalization of law practice by streamlining practice and easy sharing of data.