Following several years of record growth and revenue at Pryor Cashman, Managing Partner Ronald Shechtman spoke with Forbes for a recent profile examining the firm’s evolution from an entertainment boutique to a full-service midsize powerhouse which employs more than 150 attorneys in New York and Los Angeles. Shechtman explained how the firm’s entrepreneurial culture, unique business model and innovative growth strategy have allowed it to prosper in today’s ultra-competitive market.

“We are a firm composed of people who chose us as an alternative to BigLaw and [who] thrive in a culture that gives lawyers enormous discretion on how to generate business, how to manage business and how to conduct the business of law. We have no silos,” Shechtman told Forbes.

When asked about his views on growth and the possibility of a merger in the future, Shechtman said: “We are not committed to growth for the sake of growth. We’re careful about it. We have grown significantly, though. In the last ten years, we’re [up] 30-40%.”

In terms of merging, “we do not have any current or foreseeable desire to give up the advantages we have in the market we occupy. We’ve never done better over the last few years. And we believe we can continue to sustain our business model.”

Shechtman went on to share three key differentiators that have been the backbone of the firm during recent years of growth: “One is that no client is more than 5% of our business; no industry dominates our practice. So we have a certain security in that diversity in our client base.”

“Two, the [firm’s] base of originators is so diverse and quite young that we are not reliant on a couple of old men or women, which has been the case in other midsized firms.”

“And three: we are a firm getting younger and avoiding the vulnerability of relying on older partners.”

Read Shechtman’s full profile in Forbes.