In its ongoing series on the effects of the economic meltdown on the
legal industry, the Legal Intelligencer postulates that many lawyers
currently at large, international firms will jump ship and move to
smaller, more local firms.
This represents a potential coup for mid-level firms, as they can jump in and recruit come top talent away from the AmLaw 100. Hildebrandt's Joseph Altonji suggests that large law firms will
continue to rely on large cases that require a national infrastructure,
while other firms will optimize their business by focusing on local
For an attorney whose practice is centered in a certain
geographic location, this seems like a great idea. Without the need
for the extensive infrastructure that national and international firms
rely upon, attorneys with a strong regional practice can set out on
their own or join a local firm. This could cut out administrative and
infrastructure costs that go along with a large, geographically-diverse
firm, while preserving the attorney's core practice.
See Also: Think Local, Practice Local: The New Model? (AmLaw Daily)