Monday, March 09, 2009

Recession Sends Lawyers Home: Firms Trade Brick-and-Mortar Prestige for a Better Business Model

The Washington Post reports:
Across the country, the recession is putting increasing pressure on law firms to slash spending and discount their services. Client demand for lower prices is prompting firms to outsource some of their document work to India, hire more temp or contract lawyers, shift from billable hours to fixed fees and eliminate staff.
Price competition is coming to legal services.