Fixed fees: The thin edge of law firm transformation


Fixed fees are in, and the reasons are clear enough. Clients, reeling from the recession and anticipating a slow and painful recovery, have shifted gears.

They’re no longer wishing for lower and more predictable costs; they’re requiring them. General counsel have heard their CEOs muttering about legal costs that continuously rise while every other department cuts back, and wondering darkly about just whose side Legal is on. That sort of thing puts the fear of God in GCs, and those GCs are determined to spread that fear around.

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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.

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