Comments on: The boutique exodus

By: mads

mads — Fri, 12 Feb 2010 23:30:57 +0000

Innovation and reconstruction are in fact the latest craze going on in this side of the corporate world. Recession takes on a new toll as the ingenuity and creativity of the corporate world is awakened. Awakened in matters of how to deconstruct the larger picture and infiltrate their client’s resources, trust and support. The law firm-lawyer diaspora should bear a red alarm that holds a due warning that anytime they might be outnumbered, outworked and maybe out of business.

By: pedro

pedro — Wed, 10 Feb 2010 21:30:52 +0000

This is certainly a strong trend. I wonder, though, how someone who is not at a large firm can successfully launch a boutique firm without first putting in time at a large firm.

By: Pete Salsich

Pete Salsich — Tue, 09 Feb 2010 16:07:40 +0000

Jordan, you are absolutely correct about this growing trend — a trend that I believe is irreversable. My partner and I made this exact move last fall for many of the reasons you cite here and the response from old and new clients has been very favorable. They are happy to get what they perceive as the same service, with lower rates and — in particular –they like our willingness to be flexible on how fees are structured. We are doing more and more fixed-fee billing, not only because the clients want it, but because we CAN do it in our new setting.

Thanks for staying on top of this topic.