ABA Journal
Law Firm Price Wars Break Out as Some Try ‘Loss Leader’ Bids for Work
Posted Nov 19, 2009, 11:24 am CST
By Debra Cassens Weiss
Price wars have broken out among large law firms.
Desperate to bring in new business, some firms are offering “loss leader” bids that may turn out to be unsustainable, according to managers of 15 large law firms responding to a survey summarized at the Legal Business Development blog.
Legal business consultant Jim Hassett writes that he learned of the price wars when he decided to throw in a “loss leader” question in an alternative-fee survey of AmLaw 100 firms. He included the question on just 15 surveys, and all 15 firms responded that they had seen the price wars, he writes on his blog.
Hassett asked this question:
“There is a lot of price pressure these… Continue reading...
-
PI Firm Sues Competitor for Hijacking Name in Online Searches
Nov 19, 2009, 09:56 am CST
-
May Employers Monitor Personal E-Mail? Cases Turn on Disclosure
Nov 19, 2009, 06:39 am CST
-
Has Being a Lawyer Presented Any Dating Challenges?
Nov 18, 2009, 02:27 pm CST
-
Court Deputy Ordered to Apologize or Face Jail After Taking Lawyer’s Paperwork
Nov 18, 2009, 01:26 pm CST
-
Judge Jails 2 Attorneys for Contempt in 4 Days
Nov 18, 2009, 01:21 pm CST
-
Google Offers Legal Research for the Average Citizen—and Lawyers, Too
Nov 18, 2009, 10:11 am CST
-
‘Sonic Boom’: Rothstein Churned $250M in Trust Funds Last Month, Lawyer Says
Nov 17, 2009, 02:55 pm CST
-
Patent Pending: How to Get an Interview With the PTO Chief
Nov 17, 2009, 02:16 pm CST
-
ABA Executive Director Resigns
Nov 17, 2009, 12:16 pm CST
-
Five Questions for Law Firms Abandoning Lockstep Compensation
Nov 17, 2009, 11:13 am CST
-
Secret ACC Ratings Appear on Blog; Group Says Release Is ‘Premature’
Nov 17, 2009, 08:07 am CST
-
How B of A’s GC Got Fired: Leave Now, and Leave Your BlackBerry Behind
Nov 17, 2009, 07:08 am CST
-
Goal of New ABA Web Effort: All the Federal Decisions that Are Fit to Print
Nov 17, 2009, 05:30 am CST
-
Schools Ranked by ‘Super Lawyers’ Produced
Nov 16, 2009, 06:53 pm CST
-
More Hackers Target Law Firms, Often ‘Spear Fishing’ in Spam E-Mail
Nov 16, 2009, 06:18 pm CST
-
Reed Smith Will Ask Nonequity Partners to Pony Up Possibly 15% of Pay
Nov 16, 2009, 07:50 am CST
-
How Sick Do You Let Yourself Get Before Taking Time Off?
Nov 11, 2009, 03:01 pm CST
-
Warning: Eric Holder Doesn’t Really Want You to Pay $370
Nov 11, 2009, 06:51 am CST
-
Viruses Can Infect Computers with Child Porn, Leading to Legal Charges
Nov 10, 2009, 01:01 pm CST
-
Glenn Beck Loses Trademark Claim Over Domain Name
Nov 10, 2009, 09:50 am CST
-
Federal Judge Calls Courtroom Tweets Banned Broadcasts Under Rule 53
Nov 9, 2009, 06:53 pm CST
-
What’s the Weirdest Evidence You’ve Seen Presented in Court?
Nov 4, 2009, 12:24 pm CST
-
Report: Electronic Discovery Should Be Proportionate to Controversy
Nov 4, 2009, 06:52 am CST
-
Legal Rebels
Nov 1, 2009, 10:40 pm CST
-
Lay Off the Coffee Talk
Nov 1, 2009, 10:00 pm CST
-
Court Jester
Nov 1, 2009, 09:40 pm CST
-
Green Grows the Portfolio
Nov 1, 2009, 07:30 pm CST