In the last decade, law firms have reexamined their business models in an effort to remain competitive. The legal profession is going through dramatic changes, with billing rates skyrocketing at large firms, mergers eliminating established firms and downsizing leaving attorneys looking for jobs.
Lawyers seeking more control over their own destinies should consider founding boutique firms. Boutiques aren’t confined just to litigation; intellectual property, bankruptcy and real estate boutiques all are flourishing. I founded my own boutique five years ago. Taking the plunge isn’t easy. But for lawyers who want to become their own bosses, here are three key steps to take.
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