Manatt Employment Partner to Start Boutique

The chairman of Manatt, Phelps & Phillips' employment group is leaving to launch his own boutique in what he called a "long-held dream." John Fox said he'll be able to slash rates for clients 20 percent, and provide a 25 percent raise to his employees, due to more efficient operations. "The big law firm model is failing," said Fox, adding: "I think we are going to be a land again of law firms with 10 to 15 lawyers, because the economic efficiencies are so great."