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Fees

Oct. 20, 2009

Time for Alternative Fee Arrangements

Edwin B. Reeser, Patrick Lamb, Patrick J. McKenna and Jeffrey Carr join forces to address how to approach this issue with BigLaw firms.

FIRM MANAGEMENT

By Jeffrey Carr, Patrick Lamb, Patrick J. McKenna and Edwin B. Reeser

BigFirm partners are anxious about their firm's futures and their individual status, ranging from preserving income shares, to remaining partners, to keeping a job. Anything that suggests reduced delivery of revenue to the firm by shortfalls to partners' expected quota of billable hours or targeted hourly rates is toxic. The rule of survival branded on partners toda...

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