Corporate Clients Shift Priorities for Law Firms
Tired of high hourly rates and a no-bid mentality, corporations are demanding changes in the way law firms bill their clients. And the law firms are responding
Managing Partner Joel R. Carpenter was quoted in an article "Corporate Clients Shift Priorities for Law Firms," published by The Boston Globe on March 2, 2014. The article discusses the changes law firms are making in billing their clients — from cutting hourly rates, bidding for corporate work against rival firms, capping prices and agreeing to alternative fee arrangements.