Some enterprising lawyers in the Motor City are taking alternative billing directly to the consumer: If you click on the picture, you'll hear that these attorneys guarantee a specific outcome or they waive their fee. Perhaps one way to … [Continue reading]
I assumed $750/hr was incentive enough
From the WSJ's article earlier this week with the Hollywood-esque headline, "The Billable Hour Under Attack": Saul Ewing in Philadelphia recently investigated a client's potential corporate acquisition under a six-week flat-fee engagement. The … [Continue reading]
There Must Be a Pony in Here Somewhere
In the spirit of optimistic discovery, I noticed a few reports about law firms and the economy cross the wires. The starting point is a notice from Thomson's Hildebrandt unit that details their latest reading of law firm performance, something they … [Continue reading]
Lawyer Defections–a Sign of Deflation?
Is it conflicts or cost? Cynthia Cotts of Bloomberg goes deeper into the trend of large law firm departures here, profiling a notable defection from DLA Piper (Ron Schiller leaving for Hangley Aronchick Segal & Pudlin); other firms are mentioned as … [Continue reading]
GM – The Real Transformer?
The New GM emerged this morning, 40 days after a Chapter 11 filing, feeling clean and fluffy after a "quick rinse" of $128 billion in debt. The joke around Detroit is that GM went through bankruptcy in less time than it took outsiders pre-filing to … [Continue reading]
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