Global guru firm Slaughter & May have been quick to adjust to the new market conditions with news which will be music to corporate counsels' ears. A series of new options around their already famous fixed fees, further discounting for transactions which fail to complete, and new approaches which embrace value billing could bring even more business into the firm we all wish we could be.
"Slaughters has always shunned the hourly rate, preferring to bill based on the ‘value’ of its services, but agreeing fees in advance is a new phenomenon. In October 2008 the firm won a place on ITV’s fixed fee-only panel, the first to be made up of firms that do not charge by the hour" commented Kit Chellel and Luke McLeod-Roberts of The Lawyer magazine in their recent article.
Full story courtesy of The Lawyer here.
"Slaughters has always shunned the hourly rate, preferring to bill based on the ‘value’ of its services, but agreeing fees in advance is a new phenomenon. In October 2008 the firm won a place on ITV’s fixed fee-only panel, the first to be made up of firms that do not charge by the hour" commented Kit Chellel and Luke McLeod-Roberts of The Lawyer magazine in their recent article.
Full story courtesy of The Lawyer here.
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