A: 5.
More or less than you thought?
Probably less for me given this doesn’t seem to include a single Magic Circle firm…
…so I suspect this is another US-based law firm survey.
Interesting as this is: Is it yet more evidence of how far law firms are behind the Big4?
For anyone with any interest in law firm pricing, yesterday’s post by BTI Consulting’s MadClientist was an absolute shocker on current law firm billing tactics. The post – ‘Law Firm Billing Breakdowns Go Bonkers‘ – sets out 6 current [alleged] billing tactics by law firms:
It might just be me, but this last one – ‘Sending bills for the amount of a rate increase’ – seems to come with some ethical issues attached:
Clients report receiving invoices for previously performed (and paid for) work to compensate law firms for the rate increases just as the work was winding down or for matters in process.
Read the post. If nothing else, it’s entertaining!
If you ever hear a lawyer say: “This is too difficult, why did the client send this to me?“, then the answer can be found in today’s The Daily Stoic – 5/7:
If anyone could do it, it would have been assigned to someone else
Picture credit Volodymyr Hryshchenko on Unsplash
So long as your flame flickers, there will be some light in the world
The Daily Stoic – 4/7
Important to remember small things like this at time like these
Photo credit to Paul Bulai on Unsplash.com
Random Thoughts On The Business Of Law 