With the New Economy transforming dot-com hotshots into millionaires, even some law firms in Connecticut, the Land of Steady Habits, are changing the way they do business to get in on the action. Although lawyers remain cool to the financial risks and ethical implications of investing in clients' businesses, some Connecticut firms are considering a switch that would allow their cash-strapped, high-tech clients to pay a portion of their legal bills in stock.
May 03, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
With the New Economy transforming dot-com hotshots into instant millionaires, even some law firms in Connecticut, the Land of Steady Habits, are changing the way they do business to get in on the action.
Hartford-based Robinson & Cole, and Day, Berry & Howard, are among the Connecticut firms considering a switch that would allow their cash-strapped, high-tech clients to pay at least a portion of their legal bills in company stock, their managing partners revealed.
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