Do You Really Need–or Want–a Large Law Firm to Handle Your New Jersey High Net Worth Divorce Case?
If you or your spouse has accumulated significant assets or has a sizable annual income, and a divorce is on the horizon, you may believe that you would be best served by retaining a large New Jersey divorce firm to represent you.
That may be true for some areas of the law. For example, mergers/acquisitions involving large companies and complex business litigation usually require many lawyers and support personnel to adequately represent each client.
That is not true in divorce cases… It is extremely rare that a New Jersey divorce case requires the involvement of multiple lawyers.
Admittedly, it may be difficult for a solo practitioner to give the proper attention to a complicated divorce case, because of the demands on that lawyer’s time from other clients.
However, the reality is that even when divorce clients are represented by large law firms, they actually work with a team which consists of one partner, one less senior lawyer and one legal assistant or paralegal.
Therefore, while large divorce law firms tout their number of lawyers, that fact has no real advantage in even a complicated New Jersey divorce case.
New Jersey high net worth divorce cases do often present unique challenges. Some of those challenges may include:
- Professional licenses or degrees, which offer increased earning potential.
- Stock options, restricted stock units (RSU’s), and other executive perquisites.
- Complicated real estate investments.
- Family businesses.
- Professional practices.
- Closely held businesses or other business entities.
Resolving the issues in New Jersey high net worth divorce cases requires much more than legal experience. Lawyers are trained to resolve issues relating to the law. No New Jersey divorce lawyer (including the high priced lawyer in a large law firm or the certified trial attorney) can resolve non-legal issues in other disciplines as well as trained experts in those disciplines (such as CPA’s, valuation experts and real estate professionals).
The lawyer who best serves his/her client in a New Jersey high net worth divorce case is the one who takes the time at the beginning of the client relationship to identify the non-legal issues, seeks to resolve those issues outside the litigation process with the help of the best expert in that discipline, and subjects his/her client to the time, expense and trauma of the court system only when it is truly required.
Choosing the right law firm in your high net worth New Jersey divorce case makes all the difference.
Salvaggio Law Group LLC handles only a limited number of cases at one time. Because of this, we can give you the attention you deserve. If you want to talk, please call us at (973) 455-1220 or fill out the Contact Form on our website.