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When New York-based intellectual property specialty shop Darby & Darby announced in March that it was shutting its doors, many observers quickly lumped the firm in with other dead IP boutiques as another example of the notion that the boutique model no longer has legs. And why not? New York in particular has seen four large, century-old IP boutiques dissolve or disappear into a merger over the past decade as IP litigation got hot and general practice firms began snapping up talent.

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