Law firms charge more despite poor reviews

The National Law Journal reports that the average rates at the top 250 law firms went up 2.5% in 2009.   Yet, 71% of in-house counsel believe that law firms haven’t done enough to respond to current financial pressures.  This disconnect led Qwest’s GC Richard Baer at a recent panel on the future of law firms to say:

“We’re a profession that, over the last hundred years, has not done anything differently and the only industry that is proud of that.  For us not to embrace change and innovation over the next eighteen months, over the next eighteen years, we are all going to fail.”

Maybe this provides an opportunity for the smaller firms and solo practitioners.

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