Could it be that the crisis opportunity trope we've heard so often in the past few months (‘never let a crisis go to waste') applies to the legal industry too? More and more, large firms are finding ways to align their interests with those of clients, cutting costs by laying off lawyers and staff, slashing associate bonuses, withdrawing or deferring pricey offers to junior lawyers and freezing associate pay (or even rolling it back).
Peter Zeughauser spells out the rules for ensuring that the cure for the billable hour isn’t worse than the ailment itself
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