Twelve months ago, many lawyers were in hunker-down mode, happy to have jobs. When Andrew Sandler chose that moment to leave the relative safety of a firm as well-established — and well-paying — as Skadden, Arps, Slate, Meagher & Flom after 22 years, he raised more than a few eyebrows.

"When I left Skadden, I was looking to leave a battleship for a speedboat that was much more nimble and flexible," Sandler said.