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Corporate Governance

: Nancy Rapoport's Blogspot

See? Clients want to push for fees calculated other than by the billable hour.

By Nancy Rapoport

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See here.  (Hat tip to my buddy Walter Effross.)  Law firms are thinking about how to stay profitable while figuring out new ways to value their services (good), but they may not have realized how much the legal landscape has changed (bad).

We're talking about a paradigm shift.  Lawyers are supposed to make a decent living, but if they're hoping for perpetual multimillion-dollar draws, they have (as Mom used to say) "another think coming."

Full post as published by Nancy Rapoport's Blogspot on September 15, 2010 (boomark / email).

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