Mayer Brown and Reed Smith set to champion fixed fees
Mayer Brown is looking to move away from traditional hourly billing models, with plans to bring in fixed or capped fees for transactional work. Mayer Brown's senior management is in the process of reviewing how the firm bills clients and is considering proposals to overhaul fee structures for core transactional practices including corporate, banking and real estate.
Mayer Brown is looking to move away from traditional hourly billing models, with plans to bring in fixed or capped fees for transactional work.
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