Categories:UK

Allen & Overy’s big ask

  • Print
  • Comments (2)

Readers' comments (2)

  • Smarter thinking

    A&O is right to look at their billing rates in today's economic climate. Making a distinction in the prices charged between legal work which is super-complex or unique, and that which other Magic Circle firms deliver garentees clients more choice, competition and value. It also sends out a message internally that new service/product development and differentiation is at the heart of A&O's strategy.

    Rest assured that this strategy of increasing rates is NOT about covering escalating costs and maintaining profit - that would be commercial suicide. It's about differentiating the firm is an increasingly competitive market.

    Brave indeed.

    Unsuitable or offensive? Report this comment

  • fees

    this is sensationalist nonsense. unless you know what a&o charge each client on each type of deal and can compare with MC or other similar firms how it is relevant that they are considering fee rates? do you think slaughters and links work on the cheap? all firms look at rates/discounts/pricing on a regular basis. all the MC firms will charge what the market will bear - they speak to clients each day so it is not difficult to find this out. does the Lawyer have the inside track or something??

    Unsuitable or offensive? Report this comment

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (2)