News Business Leadership Law firms Lawyers from BLG, Latham and MoFo launch fixed-fee tech boutique By Margaret Taylor 4 January 2011 12:27 17 December 2015 15:37 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 4 January 2011 at 15:52 Since when is fixed fee a new concept? Reply Link Anonymous 4 January 2011 at 23:17 Brave and well timed move, but will GC’s support the move by going off panel for key transactions? Reply Link Anonymous 5 January 2011 at 09:24 I don’t think Morrison & Foerster have realised what MoFo really means. It’s street slang, and it’s not very complimentary! Reply Link Anonymous 5 January 2011 at 13:23 I foresee a future where wizened old men with wispy beards and glasses will monitor the progress of automated legal robot technicians, whilst cackling maniacally. Of course when the old wizened men retire, there won’t be anyone to replace them because they didn’t see fit to recruit any junior lawyers. Consequently, the robot underclass will rightly assume they are now in charge with dire consequences for the profession. Possibly. Anyway, all the best. This new fangled fixed fee arrangement will have the clients coming in droves. Funny how the fixed fee generally matches somewhat closely the projected amount of time spent on a matter multiplied by charge out rate. Reply Link Anonymous 5 January 2011 at 19:11 there is nothing innovative about this firm. surprised you decided to cover the launch. there are plenty more firms that offer good legal services out there that you never seem to bother to write about because they don’t have ‘big’ names or such like. do a bit of on the ground reporting to find out what’s out there and don’t just publish press releases. not to mention that this firm is just 5 guys getting together – no space for the women that always seem to drop out of the legal profession Reply Link Anonymous 6 January 2011 at 09:08 @ Anonymous 9:24am. Are you serious? Your comment indicates you’re a bit behind the times. MoFo have played on the slang as marketing ploy for years. Keep up! Reply Link Anonymous 6 January 2011 at 09:33 “Funny how the fixed fee generally matches somewhat closely the projected amount of time spent on a matter multiplied by charge out rate.” + 10% for unforseeables, though if anything unforseeable actually happens, your fixed fee is out of the window. Decent scam Reply Link Anonymous 10 January 2011 at 03:46 In every business, a fixed fee is in return for a fixed amount of work. In the legal profession, a fixed amount of work is rarely if ever defined, or indeed definable, unless you do standard conveyancing. Thus, sooner or later the “fixed fee” starts increasing due to unforeseen increased work. Reply Link Anonymous 11 January 2011 at 12:27 I didn’t know about the MoFo alternate meaning, but all recent e-mails form the lawyer have been blocked by my employer’s e-mail filter because of this story! Reply Link Andrew Giverin, radiant.law 17 January 2011 at 14:48 Those who query whether our pricing is really different from the traditional law firm model are invited to check out our latest blog on the subject, which can be found on our web site, entitled “pricing is about value not time”. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.