Linklaters senior partner argues clients will not respect cut rates 
Linklaters senior partner David Cheyne has rejected calls for top law firms to cut rates in response to the downturn.
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Linklaters chief rejects calls to cut legal fees
Linklaters senior partner David Cheyne has rejected calls for top law firms to cut rates in response to the downturn.Speaking at a roundtable hosted by consultants Graham Gill, and attended by senior names including Slaughter and May partner Nigel Boardman, Freshfields Bruckhaus Deringer corporate head Mark Rawlinson, and ITV group legal director and general counsel Andrew Garard, Cheyne caused controversy with his claims that clients would not respect firms for slashing rates. Cheyne said: "Clients are not foolish themselves - they get wind of what's going on, but they do not necessarily respect a law firm that comes round and says we will do the work that your existing law firm will do, but for a third less, because they might have doubts as to whether a firm is really able to deliver quality at a suicide rate."
February 12, 2009 at 01:01 AM
1 minute read
The original version of this story was published on Legalweek
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