Boutique Law Firms: Changing Trend In Legal Services Industry

Boutique Law Firms: Changing Trend In Legal Services Industry
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   AARJMD VOLUME 1 ISSUE 11 (JULY 2013) Asian Academic Research Journal of Multidisciplinary A Peer Reviewed International Journal of Asian Academic Research Associates AARJMD ASIAN ACADEMIC RESEARCH JOURNAL OF MULTIDISCIPLINARY   BOUTIQUE LAW FIRMS: CHANGING TREND IN LEGAL SERVICES INDUSTRY SHASHANK DUBEY*; SHIVANI JAIN** *Institute of Law,B.A.LL.B(Hons.),IV Sem  Nirma University Ahmedabad, Gujarat, India **Institute of Law,B.A.LL.B(Hons.),IV Sem  Nirma University Ahmedabad, Gujarat, India. ABSTRACT In this era of competitive legal culture where most mid-size and large firms have structured themselves to offer a broad range of services, a growing number of lawyers are setting up  boutique law firms, where these new firms are choosing to focus the work of entire firm on specific area of law, rather than trying to maintain the general practice culture of big law firms. Hence, this paper will focus on the changing trend of legal-profession and on the concept of boutique law firms from the clients view point as well as from the view point of an aspiring advocate. Since, large firms only recruit top rankers from prestigious colleges and tags, on the other hand, these boutique firms will provide associates with substantive legal tasks, greater autonomy, less competitive environment to work with, increased visibility to  prove credibility and worth. Also, companies can use boutique firms not just to save money,  but also to get better access to experienced lawyers with far more less formal behaviour, rather feeling institutionalised and corporatized. Also, this paper will suggest how legal fees and flexibility can be used as substantive equipment for the Indian scenario and for helping “aam - aadmi’ like these compact firms can forgo or adjust their legal fees for greater cause or to help ill-equipped person (e.g; firms specifically dealing with accident claim cases) and will explore how boutique law firms with more reasonable rates and a higher level of genuine expertise are a much better option in most circumstances with providing some pros and cons of these types of firms over large, mid-sized and solo-practising.
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