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This content has been archived.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 exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

 
 

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.