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22 September 2023 / Sinead O’Callaghan
Issue: 8041 / Categories: Features , Profession
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Boutiques in bloom

With the rise in smaller specialist law firms showing no signs of slowing down, Sinead O’Callaghan explains how the boutique firm can stand out in a crowded field
  • The continued success of boutique law firms shows that this model remains attractive for both lawyers and clients.
  • Boutique firms are top of the acquisition wish list for larger firms wishing to invest in specific practice areas.
  • The key to the survival of the boutique law firm is planning and diversifying to accommodate the ever-evolving disputes market.

While the 2008 financial crash and the consequent surge of conflicts work arguably instigated the emergence of the new wave of litigation boutiques, the changes in working practices brought about by the pandemic, among other things, have meant that the growth in numbers of specialist legal boutiques shows no signs of abating.

Increased competition

The legal landscape has undergone a significant transformation over the last decade, with many smaller, more specialised firms taking work away from established full-service domestic and international law firms. With the ongoing

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MOVERS & SHAKERS

WSP Solicitors—David Ashcroft & Jessica O’Shea

WSP Solicitors—David Ashcroft & Jessica O’Shea

Commercial property and child law teams expand with senior hires

Duxton Hill Chambers—Lucas Bastin KC & Joshua Hiew

Duxton Hill Chambers—Lucas Bastin KC & Joshua Hiew

Set expands London and Singapore offering with senior international disputes hires

Gilson Gray—Gregor Duthie & Stephen Forsyth

Gilson Gray—Gregor Duthie & Stephen Forsyth

Firm strengthens real estate and litigation teams with partner promotions

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The Civil Justice Council’s review of Part III of the Solicitors Act 1974 could mark the end of what one commentator calls an ‘outdated’ and overly technical regime governing solicitor-client fee disputes
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