Perhaps equally important, our predictable cost structure offers significant advantages over typical
big firm billing.
Big firms bill by the hour, but the vast majority of sports agents receive a percentage of their clients» salaries, Witkow said.
Maybe
the big firm bill wouldn't have been appropriate at the stated amount.
Not exact matches
I mean, as you see consultancies — like they say the
big three accounting
firms are now —
bill less in accounting revenue than they do in consulting revenue, particularly in the marketing and advertising space.
UK Chancellor Philip Hammond announced a crackdown on
big tech
firms which use complex, offshore tax structures to minimise their UK tax
bill.
Specialty pharmacies — pharmacies that act as a separate distribution and
billing mechanism for
big drug
firms — aren't unheard of in the world of
big pharma, but Valeant's relationship with Philidor was strangely close.
One of those people calling for Kalanick to go was one of the company's
biggest shareholders, the venture capital
firm Benchmark, which has one of its partners,
Bill Gurley, on Uber's board.
Rather than take another reputational hit by trying to overturn a rule
billed as pro-consumer, the
big firms said they preferred putting the effort into complying with it.
The investors included one of Uber's
biggest shareholders, the venture capital
firm Benchmark, which has one of its partners,
Bill Gurley, on Uber's board.
Bill Gross, the manager of the world's
biggest bond fund, said the global economy risks lapsing into recession with the pace of growth falling below the «new normal» level the
firm has predicted since 2009.
Much of the focus in due diligence is on the costs of remediation and future environmental liabilities because one thing those
firms don't like is uncertainties around unexpected law suits or
big clean - up
bills popping up in the future.
But David Cameron is breaking his promises to clean up the lobbying industry because, under his Government's watered - down
Bill: · only a fraction of lobbyists would have to register and this will not include the in house lobbyists used by the
big energy
firms.
No charges have been filed, but prosecutors are examining «substantial payments» from a tax
firm that has helped some of New York City's
biggest developers (who double as the state's top political donors) reduce the property tax
bills on their holdings.
UPDATED, April 21, 3:57 p.m.: A top executive at WeWork is the
biggest bundler for Mayor
Bill de Blasio's re-election campaign to - date, collecting money from WeWork's founders and others with close ties to the
firm, according to an analysis of campaign finance records by The Real Deal.
Rather than Steve Jobs or
Bill Gates, a middle - aged male Ph.D. toiling at a large U.S.
firm — and perhaps born abroad — is more likely to be behind the next
big thing, conclude researchers from George Mason University (GMU) in Fairfax, Virginia, and the Information Technology and Innovation Foundation (ITIF), a Washington, D.C. — based think tank.
who is suddenly recruited to join
big - name
firm NURV (an acronym for «Never Underestimate Radical Vision,» if you had to ask) by its
Bill Gates - ish founder, the insanely wealthy and brilliant Gary Winston (Tim Robbins).
(Bloomberg)-- Pacific Investment Management's
biggest mutual fund had the worst year of client withdrawals in the history of fund management as the
firm lost both of its co-chief investment officers,
Bill Gross and Mohamed El - Erian.
In private,
big energy
firms were offered sweetheart deals to acquiesce to the climate
bill, including expanded offshore drilling for oil giants like BP and taxpayer subsidies for coal and nuclear interests that outstripped those for clean energy.
UK Energy Secretary Chris Huhne is chairing a summit meeting with the country's smaller energy companies in a bid to reduce the dominance by the «
Big Six» energy
firms and tackling rising household
bills.
A fundamental restructuring of the
big law
billing structure seems to be the most talked about measure, with the New York Times today picking up on the perennial law
firm debate:
For example, when I worked in
Big Law I learned how my
firm wanted me to
bill (i.e. as much as possible).
These strategies were not radical, and they attempted to address a variety of much - brooded - about problems among the
big firms, including client
billing revolts, associate dissatisfaction, peripatetic partners and an unsustainable economic model.
The
big firms themselves have mostly been tight - lipped about their
billing structures, with even Chesler himself denying the Times any details on Cravath's rates.
But Clifford Chance, by beating its US rivals to the coveted title of the first # 1bn business, stands out as the world's
biggest billing law
firm ever with a gross turnover that is a tenth of the total figure for all the top 100 of UK law practices.
It's the preferred
billing method for most
big firms and it's also the means by which associates -LSB-...]
Even so, many of the largest
firms still question whether they are
big enough to serve clients, according to
Bill Brennan, a law
firm consultant quoted in the article.
Gone are the days of high
billing rates, stratospheric
big firm salaries and huge billable requirements.
«
Big, powerful law
firms like Nashville's King & Ballow really ought to hire someone with journalistic and new media experience to advise them on how to handle clients who complain about things published by bloggers,» says media relations consultant and blogger
Bill Hobbs.
When I was practicing at the
big firm I used to be jealous of my compatriots who did a lot of travel and took depositions, because their hours
billed sitting on an airplane, reading a magazine were just as good as my hours
billed reading cases on Westlaw and actually drafting, and I did a lot more that kind of thing and it's hard to achieve the same level of billable hours doing what I do than it is in other areas like just regular litigation.
With the time taken to settle
bills increasing, managing cash flow is one of the
biggest challenges faced by the modern law
firm.
If Post-Series A, your company's legal
bills still seem completely unmanageable, that's often a good indication that the law
firm you hired is too
big for what you're building (non-unicorn-track using a high - infrastructure unicorn law
firm); assuming your expectations on what the
bill should be simply aren't unhinged.
One of the
biggest problems with hourly
billing is that it actually rewards law
firms for working inefficiently.
Current legal trends reveal that sophisticated in - house counsel increasingly choose small high - quality law
firms over
bigger firms with excessive overhead and inflated
billing rates.
However, the data indicates the «second largest» law
firms saw the
biggest gain and greatest share of M&A
billings.
At present,
Big Data tools for the legal profession are focused primarily on helping law
firms to enhance their internal business functions and processes, such as time management and
billing, or for predictive analytics in a range of internal legal applications.
«At a time when general counsel are looking for alternative
billing arrangements, the playing field has been leveled, so smaller
firms can make pitches to
big clients that would have fallen on deaf ears before,» DuPont General Counsel Thomas L. Sager told Cotts.
Getting these smaller
firms to adopt technology will allow them to do more work and
bill more hours in order to compete with
bigger firms.
Then again, if Rees Morrison is right that so many companies are competing for the attentions of «prominent litigators,» two - tier
firms might be too busy
billing big - time to worry about it.
Paul Hastings simply could not compete for such work against
big local
firms like Nishimura & Asahi and Nagashima Ohno & Tsunematsu, whose
billing rates are typically a third less.
Said another way, imagine if many
firms consolidated their
billing data into a
big data repository.
We are interested in hearing from law
firms who would like to participate in the design and capture of
billing data for the creation of the
big data and the AI it leads to.
Internet research tools, document management and sharing applications, and of course legal time and
billing software like CosmoLex simplify the administration of a law
firm and give any attorney the chance to practice law like the
big boys.
«The problem for many transactional lawyers is that so much of the economics of a
big law
firm are based on an unrealistic number of hours that need to be
billed simply to sustain a robust, profitable operation.
When a
big case is on its way to trial, the large
firm develops its own litigation graphics, and the law
firm bills the client for in - house graphics in the same way (albeit at a lower rate) that lawyers are
billed out.
You might think it's strange for a company that helps law
firms to invoice and
bill their clients better to be talking about such
big picture industry ideas.
«I was always worried with the lawyer inside the
big firm that the pressures of the economic model would lead to overstaffing and over
billing no matter how careful they were.»
While
big and mid-sized
firms have IT and finance departments that can provide support on aspects of legal practice such as
billing, small
firms sometimes still create invoices manually in Microsoft Word.
In our annual survey of the heads of the Am Law 200, we asked whether over the next ten years they thought that «many if not most»
big firms will have to change their
billing practices.
If you're a
big law
firm, built into every hour
billed is a cost for marketing, all those offices, and all that support staff.
US
firms» generally higher profit per equity partner (PEP) and top - of - equity figures help them hire the
biggest billers, but the other enabling factor for many US
firms is the flexibility of their partner remuneration systems.