In a highly competitive marketplace City firms are increasingly low-balling on fees in a bid to win more lucrative new business and maintain relationships with key clients. But are general counsel taken in? Des Cahill reports
July 21, 2004 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
There is no such thing as a free piece of legal advice. City firms offering to do work for little or nothing are generally viewed with suspicion by clients, according to a snapshot poll taken by Legal Director this week.
Last week Legal Week revealed that in the highly competitive AIM marketplace City firms are offering lower and lower fees to prospective clients.
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