Law Firms Eating More Costs

more+
less-
It’s getting much tougher for law firms to get paid back by clients for their legal research costs, a new Bloomberg Law survey of almost 100 firms has found.

43 percent of firms say they have to absorb more of their costs today than they did in 2010.

A number of participants noted that an increasing number of clients do not want to pay for online See more +

It’s getting much tougher for law firms to get paid back by clients for their legal research costs, a new Bloomberg Law survey of almost 100 firms has found.

43 percent of firms say they have to absorb more of their costs today than they did in 2010.

A number of participants noted that an increasing number of clients do not want to pay for online research, a trend they claim started with insurance companies.

Firms are significantly more likely to recover legal research costs on litigation matters than other areas of law. Participants feel this is because clients expect litigation to require legal research.

Some participants noted that clients believe research services should be part of the overhead of running a law library, and not an additional cost that is passed on to them.

Still, the survey found that charges for online research and document retrieval are more likely to be recovered than other legal research costs like telephone calls, printing, and scanning which fewer and fewer clients are willing to pay for.

For more details of the survey results, visit BloombergLaw.com.

See less -

Embed Video

Copy

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bloomberg Law | Attorney Advertising

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×