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Legal News

: Legal Blog Watch

Clients Tell Law Firms to 'Show Me the Money'

By Carolyn Elefant

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In this economic downturn, corporate clients aren't just demanding lower fees from law firms. Companies are looking to their lawyers and other professional service providers for assistance in cutting costs, increasing revenues and revamping their business models, reports Larry Bodine. Citing this report by Clemente communications, Bodine writes that: In the near-term, companies will be exploring all manner of corporate growth opportunities to transform themselves in an effort to either realize cost-reduction synergies or to support wholesale shifts in strategy. Legal, financial, and strategy experts will invariably be required for those companies pursuing mergers, corporate combinations, and other deal-based growth...

Full post as published by Legal Blog Watch on July 14, 2009 (boomark / email).

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