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Law firms ready to ring in the changes for uncertain 2010

In the past when consulting engineering firms were chosen solely on the quality of the teams they put forward for projects the fee model was one which Clients should look at in today's market. The gross annual salary of the worker bees was divided by 1750 to come up with an hourly salary cost figure and then multiplied by 2.85 to cover overheads and supervision by partners etc. Roughly speaking a lawyer on £100 K would have a charge out rate of £ 180 per hour. Clients have ALWAYS the whip hand. Perhaps they ought now to exercise it, and bring sanity and sense into legal costs.

5-Jan-2010

11:53 am