Women-Led Trial Firm Remakes Old Model

As partners at Paul Weiss, Alexandra Walsh and Beth Wilkinson often talked about starting a firm together, and how they might structure it to address issues in the legal industry like gender disparity and a lack of training opportunities for young associates.

Two years ago, they teamed up with Sean Eskovitz of Munger Tolles to do just that.

Since the new firm—trial boutique Wilkinson Walsh & Eskovitz—opened its doors in February 2016, it has not billed a single hour, according to the firm’s partners.

Clients pay the firm a fixed fee based on the complexity of the matter and the ...