Law firm leaders feel good about the coming year and plan to increase hiring, billing rates and profits per partner despite increasing pressure for alternative fee arrangements and competition from legal vendors.
October 21, 2013 at 04:00 PM
1 minute read
For Holland & Knight’s Steven Sonberg, the challenges of running a 1,000-lawyer firm with 17 offices are endless these days.
There’s a contraction in demand for legal services, competition from alternative suppliers such as contract vendors in India, an increase in legal work staying in-house, and continuing pressure from clients to reduce fees and offer alternatives to hourly billing.
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