"Bankruptcy Boutique's Lawyers Depart for Larger Firms"

Possible words of warning for people working in bankruptcy law firms, boutique or not: "If it's tough to be tiny, it's even tougher to be small and specializing in insolvency. "San Francisco bankruptcy boutique McNutt & Litteneker began shedding attorneys in the summer of 2005 in tandem with a drop in business. The firm several years ago had 10 full-time lawyers -- eight of whom were associates. Last month's departure of its three remaining associates have name partners Scott McNutt and Rebecca Litteneker not just running the show -- they are the show. [snip] "Lawyers in the bankruptcy field say... Read more →

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"Small Litigation Shops Produce Big Results"

Do big-firm litigation paralegals wonder about switching to the small-firm world? [snip] "Litigation boutiques generally are characterized as having one dozen to two dozen lawyers, a payment system other than billable hours and careful selection of cases to enhance the firm's ability to provide individualized client service [PDF link]. The boutiques [PDF link] argue that they often provide better value than the litigation departments of larger firms. "Unlike bigger firms, many litigation shops offer a variety of payment options [PDF link] for clients: flat fee, contingency or a mix that may include some billable hours. The billing approach depends on... Read more →

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