Reports of the death of the premium deal lawyer have been greatly exaggerated
Will the post-recession world of the New Normal cause long-term change in the pricing of high-end transactional legal services? Or, put more directly, does it mean that the sharp rises in the level of fees charged by M&A and banking lawyers in the two decades running up to the credit crunch will now halt or reverse? There is certainly no shortage of theorists and consultants arguing just that, with varying degrees of credibility.
