BigLaw Beware: Boutiques Are Coming For Your Clients
Law360 (May 1, 2018, 3:00 PM EDT) -- As a number of prominent partners leave BigLaw and join boutiques — or form their own — some high-paying and sought-after work is being funneled away from the global giants to more modestly sized law firms.
The shift to boutiques is being driven by multinational corporations' desire for lower fees, more specialized expertise and a need for more responsiveness from outside counsel, according to a survey last month of 307 business leaders from companies in the U.S., U.K. and Europe by business services marketplace Globality Inc.
And more and more boutiques are bolstering their offerings with BigLaw experience.
Murphy & McGonigle,...
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