5 Reasons Large Companies Are Turning To Boutique Firms
Law360, New York ( August 29, 2014, 9:54 AM EDT) -- The "Great Recession" has had widespread effects on how "corporate America" handles its litigation needs. One of the enduring effects of the "Great Recession" on the legal industry is the client's goal of receiving quality legal services at a reasonable price. That is the very definition of "value. " Value is what clients, especially large corporations, want most today. And value is the reason why many large corporations have been turning to "powerhouse" boutique law firms, as opposed to the traditional, large national or regional law firms, to service their litigation needs. The boutique firm, by industry custom, is typically a small or mid-sized firm specializing in a few practice areas, as opposed to the large national or regional firm with hundreds or thousands of attorneys in a multitude of practice areas. . . .
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