The Point When should your business pay the exorbitant prices of a major law firm? When you need the full attention of the best attorney available for the task presented. But something else is happening. The data say that in 2022 corporate clients were paying proportionately more for the total…
The Point The above from a headline in Corporate Counsel (subscription required) last week. Nathan Cemenska is an attorney who is Director of Legal Operation and Industry Insights at Wolters Kluwer ELM solutions. In a report issued earlier this month, LegalVIEW Insights volume 2023-1: Law firm rate increases, he contends…
The Point Demand for large law firm services, after recovery from 2020’s Covid-induced setbacks to the economy, led to eye-popping rate rises in 2021, and record revenues for the firms. Whatever market forces caused those rate increases and record revenues, they look like they may well be on the wane…