Robert Half Legal’s recent survey lends further support to clients seeking greater value for their dollar.
Corporate counsel seeking more value from outsourced law services
February 2, 2010
February 1, 2010
The Market at Work: Lawyers at Mega Firms Jump to Smaller Firms with Lower Rates
The following article discusses how some lawyers at higher-priced firms are jumping to smaller firms with lower rates, in response to client demands. This is yet another way the market is dealing with the repricing of legal services.
October 5, 2009
Citigroup Opens the Flood Gates on Alternative Fee Arrangements
Citigroup’s legal chief, Michael Helfer, said that about 30% of the bank’s legal spend now falls under alternative fee arrangements, primarily in the form of fixed fees and contingency fees.
September 25, 2009
UBS Completes Review of Legal Spend, Selects Firms
Count UBS among the growing number of banks completing legal panel reviews to help identify top-performing firms and reduce legal expenses.
UBS pushes down on rates after completion of global panel review
September 3, 2009
Why the Billable Hour Won’t Go Away
The August 24th Wall Street Journal article, ‘Billable Hour’ Under Attack, discusses how some large corporations, including Pfizer, Cisco Systems, and American Express, have forced their outside counsel to eschew the billable hour in favor of fixed fees. While these companies are expected to save between 15%-20% on fees and expenses, trust me when I say that the billable hour isn’t going anywhere anytime soon. (Read More)