A recession may not seem like the perfect environment for starting a new law business, but with clients under pressure to manage costs and large firms favoring institutional clients in potential conflicts, dozens of boutiques have popped up offering sophisticated legal expertise at reasonable costs to clients large and small.
Chaffetz Lindsey was just one of many boutiques opened nationally in the last year by former big firm partners. While it is too soon to measure its success, the five partners who departed Clifford Chance say their gamble is working out better than expected.
