Some lawyers are heading into smaller firms or launching their own boutiques—moves resulting from a mix of billing rate pressures, a desire for remote-work flexibility and just wanting to take a breather after a busy 2021.
May 11, 2022 at 05:00 AM
4 minute read
Editorial
The original version of this story was published on American Lawyer
Conditions are ripe for Big Law lawyers to go small this year, some analysts and firm leaders say, by forming their own law firms or moving down to smaller firms.
An infusion of remote-working flexibility and a bit of a breather after a busy 2021—plus a desire to control billing rates—are leading some lawyers to downsize into smaller firms or spin out into their own boutiques in 2022. A surge in profits, too, has expedited late-career lawyers to the Big Law offramp.
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