Corporate law firms, by nature, are loath to reduce their published billing rates. Even in the throes of a recession, they tend to hike the promoted price tag or, at worst, hold steady.
But those numbers are becoming more like sticker prices on new vehicles. Firms that have basked in collective annual rate increases of 7 percent to 8 percent, several times the pace of inflation, find themselves forced to turn back the clock on the fees ultimately assessed.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
