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Wolf Block Dissolution is Evidence of New Opportunities

Posted on March 24, 2009 02:59 by Henry M. Sneath

Another big firm bites the dust. Today, 106 year old Philadelphia law firm Wolf Block voted to dissolve. After years of trying to get mega sized by merger, Wolf Block decided that the collapse of their corporate work and the tough economy were too much to handle and there they went. Poof. To me, this reinforces the belief that smaller and medium sized litigation boutiques are well positioned to capture work that clients will not want to send to mega firms with mega billing rates. As the Thelens, Hellers and other medium-large firms succomb to mega firm envy, their clients may not want to succomb to mega firm billing rates and overall litigation costs. Litigation boutiques offer lower cost for partner level trial experience and they should not hesitate to be aggressive in courting business that might otherwise go to larger firms and certainly firms that are dissolving.

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Categories: Corporate America

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3/27/2009 5:04:31 AM #

The legal marketplace is changing quickly.  The field is being levelled by many factors. Most notable are technological advances that allow smaller firms and those located in more rural states the opportunity to defend or manage cases thoroughout a region or nationwide.  Among the advantages for clients are lower costs brought on by lower overhead.  

MIke Weston

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