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Conventional wisdom holds that only small boutiques and megafirms survive in today’s legal market. Yet Werner & Kennedy, a 20-lawyer litigation boutique in New York, has admitted defeat. It dissolved on Wednesday. “It takes a larger firm with larger administration to practice today,” says Werner & Kennedy’s managing partner T. Richard Kennedy. Werner partners are flocking to larger firms. John Nonna, Larry Schiffer and Michael Knoerzer moved their litigation and insurance practice to LeBoeuf, Lamb, Greene & MacRae. Other partners split for Cozen & O’Connor, Philadelphia’s Stradley, Ronon, Stevens & Young, or headed for their own private practice.

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