Community involvement is a big part of Top firms' success
It's no surprise that Pallett Valo LLP was voted by Mississauga Business Times readers as the platinum legal firm in the City. Founded in 1948, the firm has lived its commitment to being the best at whatever it does by offering only those services at which it excels.
According to Managing Partner Anna Esposito, the decision to limit the firm's offerings to eight business specializations was made out of commitment to their clients. "What we do, we do very well or we find people who can do it for our clients," says Esposito. "Otherwise it wouldn't be fair to our clients."
The firm has eight areas of specialization: Business Law, Commercial Real Estate; Insolvency and Corporate Restructuring; Labour and Employment; Litigation; highend Pension Law; Wills, Estates and Trusts; Privacy Law; and Esposito heads up the Construction Law group. There are subsections within those eight areas, but the firm does no family or criminal law, and no residential real estate, though they do act for builders. Esposito describes the concept of a 'full service law firm' as an oxymoron – you can't be all things to all people and do it well.
The firm combines their commitment to clients with commitment to the community. Sept. 20th saw Pallett Valo hosting a Business Law Summit 2007 at the Novotel Hotel. The idea was to bring together presidents, chief financial officers, general managers, HR professionals, and other company leaders to get a short but sweet update on the latest legal issues. This is the second year for the event which showcased 11 speakers in less than four hours. Industry experts will shed light on such areas as: commercial real estate law, environmental law, insolvency law, trademarks and patents, immigration law, human resources law, construction law, family-owned businesses, human resources, intellectual property, litigation and more.
As lead sponsor, Pallett Valo provided half the speakers at the 07 summit but they stayed true to their commitment to focus on their strengths.
"We've broadened the scope this year, to join with other sponsors," Esposito explains. But they brought in other sponsors to cover fields outside their areas of expertise. That explains why Mississauga's Manager of Economic Development, Larry Petovello, kicked the day off with a talk about 'Developing Canada's 21st Century City' because growth issues for business is currently a hot topic.
"Our philosophy is to serve our clients with Right-sized Thinking ®," says Esposito. "We understand each client's industry and business and our approach is to ask 'what is the right size response to this client's problem?' Do they need a senior lawyer, a junior lawyer or a team of lawyers? And then we build a response base on that assessment."