Cue the sound bites: “Law firms don’t get it.” “Their fees for legal work are exorbitant.” “General counsel refuse to pay the billing rates for $160,000 first-year associates.” “The incentive to record billable hours trumps true partnership with clients.” “Law firms are bastions of inefficiency.” “Big law is too fat.” “Clients deserve better value for their legal fees.”
The legal press and conference discussions are rife with these sound bites, and the cacophony seems to get louder and louder. In this dissonance, general counsel say it is up to the law firms to change, and they need to change now. Client value is not what it should be.
This content has been archived.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]
