An interesting article by legal business consultant Jim Hassett at Legal Business Development Blog notes that many top firms are dramatically lowering rates in an effort to "underbid" other firms for new business. Mr. Hassett learned of the pricing competition when he added a "loss leader" question in an alternative-fee survey of AmLaw 100 firms. The article goes on to detail some of the varied responses given by numerous major firms.
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This page contains a single entry by Nick Zafran posted on December 16, 2009 3:36 PM.
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