Before I jump into my rant, I have to clarify that I’m a capitalist pig. I believe that one of the things that makes our country so great is
Law firms are cash operations. Like many of us in our personal lives, law firms exist month-to-month, or quarter-to-quarter. Live many of us, when times are tough, law firms rely on their credit lines to float the bills.
Just like many of us, law firms do not have a savings account for when times get…
Now that “Layoff Friday” has given rise to “drop in profit Tuesdays” the conversation continues to migrate over to hourly billing rates. I wrote here about how Linklaters’ chief, David Cheyne, rejected the call to cut legal fees.