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Law Practice

Jun. 9, 2010

Retainers Making a Comeback

Law firms and corporations across the state, seeking to cut costs while building longstanding relationships, are experimenting with a billing system that harkens back to the past: the retainer.

By Craig Anderson

Daily Journal Staff Writer

PALO ALTO - Law firms and corporations across the state, seeking to cut costs while building longstanding relationships, are experimenting with a billing system that harkens back to the past: the retainer.

The idea, which is growing in popularity even as it encounters resistance from law firms and their corporate clients, is to hire a few law firms to handle all of a company's le...

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