Venable’s merger with IP boutique Fitzpatrick Cella Harper & Scinto this year is the latest high-profile boutique acquisition by a general practice law firm in the US. Managing IP has published an article that discusses the nature of boutiques and how they can survive in the current market.
"There'll always be some clients that prefer to deal with smaller [boutique] law firms," says Bornstein. "Clients hire lawyers, not firms. If boutiques can continue to grow and keep talent, they’re always going to have work."