Despite a down economy, many litigation boutiques are busily chugging along — and that security in tough times makes them prime merger targets.
Although recent surveys — including some from Hildebrandt International, BTI Consulting Group and Altman Weil — point to lower budgets for in-house counsel to spend on litigation, the practice area largely has remained steady while others have suffered amid the recession. Compared to law firms with cyclical business, like real estate, corporate and transactional work, litigation firms remain relatively stable, said Peter A. Giuliani, a law firm consultant with Smock Sterling. Litigation happens in both good times and bad.
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