Coupon Offer: 20% off BigLaw Fee
Just clip this coupon to save big dollars. Has the corporate legal market come to offering clients coupons? Not quite but read on. That Eversheds mulls shares for fees as…
Recent Takes on the New Normal for BigLaw
Some recent commentary suggests that the economic crisis has caused a lasting change in the legal market. For a time, I feared the crisis had been wasted, that BigLaw would…
Hildebrandt / Citi Report: Tough Times Persist for Big Law
The 2010 Hildebrandt Client Advisory paints a grim picture for Big Law. The report, prepared jointly by Hildebrandt and Citi Private Bank, notes that “While the year ended with some…
Deciding How Much to Invest in Legal Work (or what is “good enough”)
Risk analysis with decision trees is a rigorous way to analyze disputes and decide how much to invest in the litigation. An important threshold question is when does it pay…
Economist Magazine: Expect Profound Structural Shift in Legal Market
Just when lawyers thought it was safe, the Economist comes along to pronounce it’s not. Laid-off lawyers, cast-off consultants (21 Jan 2010) reports on the impact of the economic crisis…
Estimates for Legal Work and Legal Estimators
Consumers routinely seek estimates for many services, for example, buying a new roof, replacing an HVAC system, repairing a car repair, and even obtaining some medical services. The logic behind…
Can Lawyers Live in an Approximate and ‘Good Enough’ Universe?
Lawyers like precision. As a result, they often let the perfect be the enemy of the good. The new economic reality may force them to live with approximation and ‘good…
New vs. Old Thinking about the Legal Market
Two recent published comments about BigLaw associates illustrate what I view as the risk of thinking about the legal market as it has been instead of what it likely will…
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