Clients Eye BigLaw Billing Behavior As Rates Climb
Law360, Las Vegas (May 9, 2017, 9:45 PM EDT) -- As law firm rates climb, corporate clients are training a keen eye on BigLaw's billing behavior, sometimes opting to hire outside counsel in secondary markets like Cleveland, Miami and Minneapolis to avoid paying hefty bills, a speaker at the Corporate Legal Operations Consortium conference in Las Vegas said Tuesday.
Average partner and associate rates across the industry have been on the rise since 2013 and increased 5.4 percent in 2015 alone, and the hikes are occurring as corporate legal professionals are under increasing pressure to keep costs down, pushing them to look to alternatives to the traditional big city BigLaw firm,...
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