A law firm consultant I really respect told me a few weeks ago that some of the most successful mid-market firms are ones where a small band of lawyers from a large firm break off and form a specialized boutique. Unburdened by big overhead and bureaucracies, those firms are able to deliver really sophisticated legal work at very competitive rates.
Makes sense to me, and while I personally haven’t tracked the number, the above appears to be a trend that’s been increasing.
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