Pretenders, Wannabes and the Real Deal


Reprinted/posted with permission of Daily Journal Corp (2009).

Second in a series of four articles on Alternative Fee Arrangements. Co-authored by Pat Lamb, Pat McKenna, Jeff Carr and Ed Reeser.

The relationship between business and its lawyers is on

the cusp of tectonic change. That this chance will come

is certain. As is true in a period of great change, some

will take advantage of the situation to improve and better

position themselves for the future. Others will simply seek

to take advantage of the situation for more immediate

gain. Still others will hope that the inevitable change is

not inevitable at all - or at least can be put off to another day (when they are no longer so personally affected). The challenge to business is to align with those fi rms that are using the current environment to remake themselves into a business based on a model that aligns the firm’s interest with that of its clients and not be victimized by firms looking to extract the last dollar from the old model.

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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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