City lawyers are risking mega salaries to strike out on their own. Legal Business explores what is driving the current wave of boutiques and asks how these start-ups have fared.
Six-figure salaries, plush City offices, institutional clients throwing work your way – what’s not to love? Quite a lot, it seems. The post-Lehman environment has seen uncharacteristic enthusiasm from City lawyers to strike out on their own and create their own boutiques, recapturing the independence lost within increasingly regimented global outfits.