With clients under increasing pressure to manage costs and large firms favoring institutional clients in potential conflicts, dozens of boutiques have popped up offering sophisticated legal expertise at reasonable costs to clients large and small. Chaffetz Lindsey was just one of many boutiques that former big law firm partners opened in the last year. While it is too soon to measure their firm's success, the five partners who departed Clifford Chance say their gamble is working out better than expected.
Boutiques Slicing Into Big Firms' Pie
New York Law Journal
January 4, 2010