What clients want - in-house lawyers may be demanding more, but law firms are delivering
Ask any partner in a commercial law firm and you'll get a consistent answer.
November 13, 2014 at 07:21 PM
3 minute read
Ask any partner in a commercial law firm and you'll get a consistent answer. Clients are a demanding bunch, with constant pressure to squeeze fees, arduous panel processes and, of course, the value-added extras they want in return for winning a spot on one of these illustrious rosters.
Ask an in-houser and their reasoning for wanting all of these things and more from their extremely well-paid and profitable advisers is clear. They are under pressure to demonstrate value to their board while coping with the increased workloads that come alongside globalisation and more regulation.
However, results from more than 1,400 buyers of legal services – ranging from GCs to chief executives – surveyed for Legal Week's Client Satisfaction Report suggest that, whatever they are saying and asking of their external advisers, companies are now more satisfied with the service they receive from law firms than they were before. And importantly what they want from their advisers – be it quality legal advice or broader commercial advice – is broadly in line with their satisfaction in each area.
So for any law firms thinking of spending hundreds of thousands of pounds on consultants to tell them how they should run their client programmes or indeed their businesses, what clients want seems both pretty clear and pretty obvious: good-quality legal advice as fast as they can get it from partners they know possess an understanding of the wider issues facing their business.
What clients just don't care about as much – according to the survey at least – is how firms deliver this service as long as they can get it at the right price. In more buoyant economic conditions even price is something they feel more satisfied with.
All of which could simply reflect the fact that since the downturn in-house lawyers really have managed to extract enough value from their external advisers to satisfy even the most demanding finance director. Or of course it could mean that they now just take these newer models of delivery – such as the legal process outsourcing and near-shoring the survey found they did not care about – as a given.
One area in which firms still need to impress though is billing practices. Firms can have all the adaptable, flexible, low-cost legal service centres and new technology in the world, but if they are still using chargeable hours they are getting it wrong. Just ask the clients.
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
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllRosenblatt Breaks Away From RBG, Becomes 40-Strong Standalone Firm
Eversheds Sutherland Outgoing Co-CEO to Move to Dubai to Spur Regional Growth
2 minute readMore than Half of South Australian Lawyers Report Suffering Harassment
3 minute readTrending Stories
- 1Being a Profession is Not Malarkey
- 2Bring NJ's 'Pretrial Opportunity Program' into the Open
- 3High-Speed Crash With Police Vehicle Nets $1.6 Million Settlement
- 4Embracing a ‘Stronger Together’ Mentality: Collaboration Best Practices for Attorneys
- 5Selling Law. How to Get Hired, Paid and Rehired
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250