Big Law - Small Texas Firms
Lee Allbritton, a founding partner at Amicus Search Group in Austin, said that he’s seen some small, established firms close recently but also suspects that other small boutiques are opening.
“Some of it is generational. The ones folding back into larger firms tend to be a little bit older, a little more established. The one being created are by the Young Turks in practices either rate-restrained in a large firm or youthfully entrepreneurial,” Allbritton said.
In that sense, Allbritton said, the difference between the small firms that have closed and the fresh ones in the market is more about the enthusiasm of the firm founders than anything structural.
“Young Turks are Young Turks. If it is 1991 or 2019, it really doesn’t matter,” he said.