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How The Recession Shaped Law Firm Billing

Law360, New York (October 11, 2017, 10:11 AM EDT) -- The relationship between law firms and their corporate clients shifted substantially with the onset of the Great Recession in 2007, and a decade later many of those changes appear to be here to stay.

Before the recession hit, there hadn’t been a great deal of focus across the corporate world on the costs incurred by legal departments, but following the collapse of Lehman Brothers in 2008 there was a sea change. There were numerous efforts on the part of individual corporate clients to rein in spending...
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