A Splintering Market: New Boutiques in Austria Represent an Alternative to the Full Service Model

The international magazine CEE Legal matters published an article about the trend to boutique firms. GEISTWERT is among the successful examples of this trend. Constantin Kletzer and Alexander Schnider explain why clients and firms appreciate this concept of highly qualified specialists.

 “What we saw is that in the past years, many boutiques were founded, many spin-offs from major law firms were founded, so what happened then is that all these boutiques – Labor Law boutiques, Public Procurement law boutiques, and boutiques like that – they established their own network. So essentially what happened in Vienna is that a boutique network can act like a full-service network.”