There are still
a few boutique firms that, together with their clients, have a very different attitude to risk, and will still do some of these schemes.
Not exact matches
It's the sort of rapid gearshift that
few companies ever experience, much less master: over the course of about five years, FouFou Dog (FFD), a Markham, Ont. - based dog apparel
firm, has seen its revenue grow by more than 800 % — a steep growth trajectory matched by the company's shift from providing very specialized
boutique goods, like jewelry and booties for small dogs, and to a far wider range of products suitable for mass merchandisers and large offshore customers.
A primary — and by sheer headcount perhaps the prevalent — point of view is that the industrial structure of BigLaw is moving toward a bimodal distribution, with a
few dozen (at most) truly Global U.S. and U.K.
firms, on whose empires the sun never sets, and at the opposite end of the curve a profusion of
boutiques and regional powerhouses.
The story, «Wall Street Lawyers Dumped for Lower - Priced
Boutiques,» says that greater numbers of U.S. companies are following the lead of DuPont Co. and adding
firms with 300 or
fewer lawyers to their rosters of outside counsel — saving as much as half compared with what they would pay larger Wall Street
firms.
The survey, which looked into why relatively
few women make partner or reach board level appointments, was presented to an International Women in Law summit of more than 130 senior in - house counsel and delegates from City
firms and
boutique practices.
Over the next
few pages, Lawyer Monthly talks to Alexander Reus, Managing Partner of DRRT, a
boutique international law
firm and litigation funder.
Private KM teams Imagine this: a small group of lawyers (as
few as five, up to around 20, ideally about 10), each potentially in a different type of environment — a large law
firm, a small
boutique, a sole practice, an in - house department, a law faculty, whatever.
As the only
firm named in the Entertainment (litigation) category, KWIKA is spotlighted for its high - profile clientele: «
Few boutiques can claim a client roster quite like the one at Kinsella Weitzman Iser Kump & Aldisert.»
A
few years ago, I was contacted by some people at a
boutique firm who were facing an existential problem: the name founders were all coming up on retirement, but were showing little interest in devolving authority, transitioning clients, or planning for the future.
After my call to the bar I was working at a
boutique litigation
firm in the city; the
firm did high end corporate - commercial cases, and was led by a very senior and eminent lawyer, «XY», and a
few much younger partners and associates whose work was primarily through him.
A
few already have: some
firms are value players, others are
boutiques with specialized, high - end practices.
The aging bar, the huge numbers of young lawyers joining the bar,
fewer partners in big
firms, more niche work in
boutique firms, alternative fee arrangements, a changing economy, client pushback — all of these are disruptive forces.
Today's Legal Blog Watch reports on a trend of BigLaw being dumped for lower - priced
boutiques following the lead of DuPont and adding
firms with 300 or
fewer lawyers to their rosters of outside counsel — saving as much as half compared with what they would pay larger Wall Street
firms.
A
few investment management and banking employers ask for a CV and covering letter, especially the smaller,
boutique firms, but the majority of employers in the sector use online application systems.
The
boutique bailiwick All in all, it appears that at least a
few regional brokerage
firms are making it in today's marketplace - with all eyes on the smaller,
boutique firms.