Lawyers from larger firms are increasingly striking out on their own -- both by necessity and by choice. Legal consultant Edward Poll says the numbers of inquiries he has received about lawyers starting new firms has more than tripled in the last year, and statistics from Martindale-Hubbell on the growth in number of firms over the past year back up Poll's experience. Financing a new firm is particularly tricky in a tight credit market, but economics can also work in favor of small firms and their clients.
Large-Firm Lawyers Increasingly Striking Out on Their Own
The American Lawyer
May 22, 2009