Fri, 17 May 2013
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Met demands cut-price rates as scandal hots up
Though I work for a Top 10 firm, I'm inclined to agree with James.
True, for most large firms, the fees that are expected will not be profitable. But I'm quite uncomfortable with this presumption that unless you use a large firm or pay more, you're risking cutting the quality of the advice!
Having had experience (and knowing people) on the current panel, you're hardly exempt from crap advice simply because you go for a big name! Though it might be a case of 'you get what you pay for' I think we'd be lying if we said in most walks of life we'd presume more money = more quality, they're haggling at a time when some work is better than no work for a lot of these firms!
I used to work for a firm where the fixed-fees for two blue chip companies were 15 years old. Not even a paralegal could make the work profitable, but they tattoed that they were clients on every piece of literature they ever produced!
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