With clients facing hard times, Alexander Dubose Jones & Townsend is taking the unusual step of reducing billing rates in current hourly-fee cases by 10 percent, beginning on Jan. 1. Douglas Alexander, a partner with the Texas appellate boutique, says clients are tightening their belts so "we're willing to tighten our belts in terms of what we charge them." Alexander says the firm will not cut support staff or reduce salaries to make up for revenue loss, but ultimately the reduction will hit lawyers.
December 31, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
With clients facing hard times in today’s uncertain economy, Alexander Dubose Jones & Townsend is taking the unusual step of reducing its billing rates in current hourly-fee cases by 10 percent, beginning Jan. 1, 2009.
Douglas Alexander, a partner in the 13-lawyer appellate boutique’s Austin, Texas, office, says the firm notified its clients of the decrease in hourly fees in letters and e-mails sent the week of Dec. 8.
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