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Law firms are increasingly questioning the practice of spending tens of thousands of dollars responding to corporate requests for proposals, or invitations to compete for legal work, given that companies reject most bids, according to legal consulting firm Altman Weil Inc. A typical RFP may cost a firm $35,000 to $65,000, or between 100 to 200 partner hours, while the success rate for answering RFPs is only 30%.
February 19, 2009 at 12:00 AM
1 minute read
Presented by BigVoodoo
The National Law Journal Elite Trial Lawyers recognizes U.S.-based law firms performing exemplary work on behalf of plaintiffs.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
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