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General Counsel Weary of Increased Firm Rates

published November 17, 2008

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( 5 votes, average: 4 out of 5)
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Law.com reports that in-house lawyers are attempting to block any type of fee raise, emphasizing to firms that legal budgets have tightened and many companies have laid people off. Raises in rates could depend on the client and practice area, with firms given the discretion to make exceptions for individual corporate clients. Alternative billing arrangements and volume-based discounts are expected to become popular. When Yahoo! laid off 1500 employees, one firm offered to reduce Yahoo!'s rates by 20% of what they charged for the previous year.

published November 17, 2008

( 5 votes, average: 4 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.