June 20, 2018 | New Jersey Law Journal
Transaction Cost, Not Hourly Rate, Drives Value For Dealmaking Counsel, Pepe Says"You need to offer value, first and foremost. However, value does not always mean the lowest hourly rate. A low hourly rate tied with having endless .10 entries, four attorneys on a file doing duplicative work or worse, junior associates on a file who are learning on the clock, will translate into a higher transaction cost despite a lower rate."
By Donald M. Pepe
1 minute read