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Boutique Firms Maintain Their Hold on Market
The recent dissolution of two prominent litigation boutiques in Philadelphia renewed questions about the health of such firms in a market that continues to focus on consolidation. But analysts say the small boutique firms aren't going anywhere. Although the recent spate of salary increases has affected small firms in terms of their ability to recruit laterals from large firms, Howard Davis says his 20-attorney firm offers a different lifestyle and gives associates direct incentives for originating work.