Lawyers from BLG, Latham and MoFo launch fixed-fee tech boutique

Readers' comments (10)

• Anonymous | 4-Jan-2011 3:52 pm

  Since when is fixed fee a new concept?

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• Anonymous | 4-Jan-2011 11:17 pm

  Brave and well timed move, but will GC's support the move by going off panel for key transactions?

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• Anonymous | 5-Jan-2011 9:24 am

  I don't think Morrison & Foerster have realised what MoFo really means. It's street slang, and it's not very complimentary!

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• Anonymous | 5-Jan-2011 1:23 pm

  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.

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• Anonymous | 5-Jan-2011 7:11 pm

  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

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• Anonymous | 6-Jan-2011 9:08 am

  @ 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!

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• Anonymous | 6-Jan-2011 9:33 am

  "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

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• Anonymous | 10-Jan-2011 3:46 am

  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.

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• Anonymous | 11-Jan-2011 12:27 pm

  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!

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• Andrew Giverin, radiant.law | 17-Jan-2011 2:48 pm

  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”.

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