X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Several commentators[FOOTNOTE 1] have recently noted a "trend" among law firm partners in departing their firms to open their own boutique[FOOTNOTE 2] firms. Rather than move laterally to another firm, those partners interested in changing locale have, for a variety of reasons, opened their own shops with partners from their current firms or with partners from other firms.[FOOTNOTE 3] The reasons for this adventurous step vary. Some partners leave to combat inflated billing rate structures, some to provide more flexible service to clients and to avoid conflicts with other practice groups at their current firms, and others as a result of objectionable policies such as mandatory retirement. Additionally, some see the challenging economic times as opportunity knocking. Our experience is that underlying all these reasons is the fundamental and optimistic belief of these newly minted entrepreneurs that they simply can do it better themselves.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.