Well, there is always next year. Non-lawyer firm ownership has not taken root in the United States but is spreading in other jurisdictions. “There was no funeral, but the prospect that the American Bar Association would consider non-lawyer ownership…
Law firms may be surprised that some GCs will not even both negotiating high fees – they’ll just keep on looking: “A new report from TGO Consulting says in-house counsel will avoid difficult fee negotiations…
Forget $1,000 an hour or $2,000 an hour – how about $5,000 an hour? “The bull market in high-end work makes hourly rates defy gravity. The dramatic increase in clients’ need for complex and bet-the-company…
Ben Garren, General Counsel for North America for Coca-Cola, is serious about his company – and he wants his law firms to feel the same way: ““We’re very cult-like at the Coca-Cola Company,” Garren said at…
Law departments are reaping the benefits of AFAs – and the data shows it: “The votes are in. Clients are loving AFAs. And we’ve got the data* to show just how much….Alternative Fee Arrangements (AFAs)…
Mark Cohen has some insightful thoughts on high hourly rates and how they tie into law firm service delivery structures: “The Guardian recently reported that senior partners at Magic Circle firms now charge 1,100 pounds…
In-house law departments are not happy with the service they are receiving – and RFPs to aspiring outside counsel are now at an all-time high as a result: “More clients are using more RFPs to…
The reports of near $1,500/hr. billable rates at large law firms have been swirling as of late as the ABA Journal reports: “Despite efforts by corporate clients to curtail legal expenses over the past decade,…
The times, they-are-a-changing, that is for sure. In other jurisdictions outside of the United States, non-lawyer firm ownership has already taken root with some law firms even selling shares to the public. The debate in…
One example of why law firms are often referred to as “outside counsel”: “When Big Law Business has asked general counsel over the last eight months where they’d like to see outside law firms improve, a good…