Regular readers of our Churn feature know there was no shortage of big firm litigators hanging out their own shingles last year. Our colleague Nate Raymond at sibling publication the New York Law Journal checked in with a group of five former Clifford Chance litigators who joined the boutique boom by setting up their own shop to handle international arbitration, reinsurance, and commercial litigation in Manhattan. Here's his profile of the boutique Chaffetz Lindsey.
Writes Raymond, “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.”
