So, how will the law firm of the future survive? Here are a few tips: Be willing to discount fees or use “success fees,” and embrace other other creative arrangements over large hourly billing rates. Also, step up diversity initiatives and work hard at deepening relationships with clients.
That was the opinion of a panel speaking on the issue of “The Law Firm of the Future — Who Will be the New Winners and New Losers” last week at the Defense Research Institute conference in New Orleans.
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