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Expert Analysis

The Cost, And Ethics, Of Doing (Legal) Business

Law360, New York (August 14, 2013, 6:10 PM EDT) -- According to a recent joint report by CEB, a research and advisory-services company, and TyMetrix, a unit of Wolters Kluwer that creates legal billing software, law firms increased their hourly rates an average of close to 10 percent between 2010 and 2012. This trend is an indicator of why corporate legal spending is so high. However, those who take the time to analyze their legal bills could attest that it's the line items that the law firms are charging for (not the rate) that are creating these exorbitant legal fees — and causing significant distress....

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