There is a shakeout coming for law firms. It stems from three factors: 1. Corporate clients facing global competition; 2. GCs focusing on the ROI of legal services due to (1); and 3. In-house counsel having more data on (2) and tools to manage … [Continue reading]
Legal Billing Rates: Time in Grade
I have a vivid memory of when I started to think more seriously about law firm pricing, the billable hour, and their inherent flaws. It was about 10 years ago. I was talking to a law school classmate, who was at a large Detroit law firm. I … [Continue reading]
New York Times Online Pricing – Like Law Firms?
The New York Times has announced a plan to start charging for online access to its fine content. I had a few day's advance notice via email, as a faithful dead-tree subscriber. I started reading the email, and gave up. One particularly sharp … [Continue reading]
Law Firm Mergers: Gone in 60 Seconds
Enough of the Howrey retrospective, we wish everyone one involved the best. Today, something to show that these things happen, and the law moves on. One angle profiled on Day 2 of this review was that a merger was never really an option for Howrey. … [Continue reading]
Howrey 4: Contingency vs. Continuity
It's day four of the Howrey Watch. We take a look at the assertion by Howrey CEO Robert Ruyak that an increase in litigation work on a contingent fee was a major contributor to the firm's demise. From the WSJ Law Blog interview: As clients began … [Continue reading]
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