Stay-at-Home-Rainmakers: A Growing Threat to Big Law
Cloud-based law firms still face skepticism from some pockets of the legal market. But there are signs that they are becoming stiffer competition for Big Law.
April 25, 2017 at 03:24 PM
25 minute read
Work from your house. Set your own billable rate. And keep 80 percent of the money from every matter you originate and handle.
That's the sales pitch Culhane Meadows, a firm with no office space that opened in 2013, has used to attract a horde of Big Law refugees. In less than four years, the cloud-based firm has grown from four lawyers in Texas to just under 60, working from their home offices in Atlanta, Austin, Chicago, Dallas, Houston, New York and Washington, D.C.
Earlier this month, Culhane Meadows announced its hire of five partners in Chicago, including one who used to work at Kirkland & Ellis and two from Steptoe & Johnson. Culhane Meadows' fast-paced growth is one indication that it and a number of its cloud-based contemporaries are increasingly competing with Big Law for both rainmakers and work from Fortune 100 clients.
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