In addition, mounting
fee pressure from clients, generation Y / millennial working practices and technological change are all resulting in greater increased flexible working practices.
Examples of these trends may include
fee pressures from clients, changes in the industries the firm services, aggressive marketing by competitors, the firm's competitive advantages and disadvantages, mobility of partners among firms, and anticipated changes in the partnership as the result of retirement, withdrawal, etc..
Not exact matches
And some still - unapproved firms are under
pressure from their impatient investors, who have leased buildings, hired staff and paid legal
fees with no returns in sight.
The big Canadian providers are certainly feeling the
pressure from regulators and government on their roaming
fees.
The good news is the cost - conscious shift
from fee - for - service to
fee - for - value should put structural downward
pressure on the pace of cost growth.
The SEC's focus on the average net IRR disclosures, which has not been previously reported, marks a new phase in the agency's efforts to regulate private equity and comes at a time when the industry is already under
pressure from investors to simplify its
fees and expenses structure.
JetBlue Airways announced Wednesday that it will charge certain customers for their first checked bag, yielding to
pressure from analysts who criticized the airline for not adding
fees in step with other carriers.
Economic
pressures to reduce legal costs is the primary force behind a growing number of firms moving away
from the billable - hours model to new alternative billing models such as fixed, flat, blended or capped
fees.
The growth in so - called passive investments has put
pressure on money managers to drop their
fees and build out parts of their business that are more insulated
from that
pressure, like private - equity or real - estate investments.
Active asset managers are under
pressure from index - tracking passive funds, which charge lower
fees, and there are other possible bidders for Hermes, which has nearly 31 billion pounds ($ 41 billion) in assets under management, include Australian fund manager Challenger (CGF.AX) and U.S. firms Old Mutual Asset Management OMAM.N and Eaton Vance (EV.N), the source added.
But Parlour is suggesting that the weight of
pressure from that crazy transfer
fee is not going to help the young French forward, and I agree.
But the midfielder, who cost Arsenal a
fee reported to be close to $ 40million, does not feel any additional
pressure to perform following his transfer
from Borussia Monchengladbach.
Clearly, when a player moves for such a
fee, there is tremendous
pressure heaped upon them, not to mention intense scrutiny
from pundits and fans.
Watford manager Marco Silva admits that the
pressure is off English striker Andre Gray, who arrived
from Burnley on a club - record # 18m
fee.
Driving the transfer
fee as low as possible by using deadline
pressure may make fiscal sense but makes no sense
from a footballing perspective.
Following public
pressure from the City Council, the Chicago Park District on Wednesday agreed to cut an admission
fee increase for Chicago residents at the Art Institute of Chicago that was scheduled to take effect May 23.
And there are three reasons why they are likely to attempt to stick to this position: they know there are dangers in policy U-turns (think Lib Dem commitments to oppose student
fees); commitment to the renewal of Trident is entrenched in some parts of the party, even if key members of the leadership understand the downsides; and it would be seen as weakness if they succumbed to
pressure from smaller parties with less credibility and electoral support.
In some cases, the
fees office agreed to pay the maximum allowance after coming under
pressure from the MPs.
Western New York Republican Rep. Chris Collins and Federal Communications Commissioner Michael O'Rielly are putting
pressure on New York to reform the way it utilizes revenue
from 9 -1-1
fees.
Lib Dem ministers face renewed
pressure from their activists over a series of U-turns, particularly on university tuition
fees and a new generation of nuclear power plants.
The MTA, under
pressure from Cuomo, has whittled its wish list
from $ 29 billion to $ 26 billion, $ 16 billion of which it could finance with fares, federal aid and existing taxes and
fees.
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A shortage of housing inventory and
pressure from discount and flat -
fee brokerages are behind the trend.
With index - tracking exchange - traded funds charging
fees that are far less than actively managed mutual funds, the higher - cost investment options that AllianceBernstein (NYSE: AB), Hartford Financial (NYSE: HIG), and other active - management firms have within some 529 plans come under greater
pressure from the state board established to oversee the plans.
Financial advisors feeling the
pressure from robo - advisors and discount brokerages to lower their
fees should think again: Advisors who dropped their prices in 2017 had lower revenue growth and took in fewer assets than advisors who didn't lower
fees, according to a PriceMetrix report cited by WealthManagement.com.
The intensity of investors» preferences may vary, but chasing outlier returns
from stocks that are in vogue seems to be a steady habit.12 Growing acceptance of smart beta strategies may put
pressure on active management
fees, but delegated investment management is almost certainly here to stay, and the probability of meaningful modifications to the structure of compensation schemes is remote.
Withdrawal of brokerage firms
from the equity research business + downward
pressure on
fees + investor reallocation toward index investing have made traditional active management considerably less lucrative than it was during my working career.
Faced with a substantial decline in the MIP's market value, and with resulting
pressure from the wrap providers — which were exposed to liability in the event of significant MIP fund withdrawals — Fidelity responded by adopting an unduly conservative investment strategy that was contrary to the purposes of stable value fund investing, agreeing to allow the wrap providers to charge excessive
fees, and charging excessive
fees for its own account.
McCarthy said the Southern California shelters are «delighted» because it takes
pressure off of them to find homes for those 20 dogs and the shelters up north, which have a hard time finding animals, are able to get those dogs into good homes and benefit
from adoption
fees to keep their shelters up and running.
Like most frequent fliers, the
pressure of ever - escalating luggage
fees from the airlines and security restrictions brought on by the TSA pushed us to cut down on how much we packed on each trip.
When renting cars
from car rental agencies, we are often
pressured to purchase extra protection like the Auto Collision Damage Waiver (CDW), which is an extra daily
fee which can really increase the cost of your car rental.
In 2013 the California legislature, bowing to
pressure from these powerful interests, passed legislation to replace California's successful net metering program with a system that allows utilities to impose
fees on solar producers and subjects them to time - of - use rates.
«98 % of law firms reported hiring a pricing professional because of alternative
fee arrangements (AFAs), followed by cost
pressure from clients (77 %),» according to Mr. Johansen.
With fewer big deals, an emphasis on mediation to avoid litigation whenever possible, and
pressure from corporate clients to lower
fees, law firms are feeling pinched and having to re-evaluate compensation plans for some lawyers.
There would be downward
pressure on
fees, and lawyers would have to determine how to distinguish themselves
from not only other lawyers but
from non-lawyer experts as well.
The U.S. Attorney's office has insisted that KPMG chose to cut off payment of legal
fees on its own, without
pressure from the government, but the Judge apparently did not buy that explanation.
Profit squeeze: Mid-size law firms will continue to be affected by a «profit squeeze» resulting
from (a) increased overhead due to higher associate and staff salaries and benefits; (b) higher automation costs, professional liability insurance and marketing expenses; (c) partners» unwillingness / inability to increase hourly
fee rates for «commodity» type work to off - set higher overhead; (d) enhanced client scrutiny of hourly rates, hours to produce work and lawyer and paralegal staffing of work assignments; (e)
pressure by corporate counsel for law firms to absorb more of the «soft costs;» (f) slower paying clients, that affect cash flow and hence the availability of distributable dollars for partners; and (g) a great many mid-size law firms are burdened with higher debt.
Someone sent me an email yesterday passing along a blast email she had received
from a listserv: Our firm's clients are regularly
pressuring us to enter into alternative
fee arrangements.
Although benefitting
from an in - house experience with lawyers whose practice is more realistic because of
fees, students must be protected
from that
pressure sufficiently to have the space and time for reflective learning.
The report concludes the legal market has now entered a new era marked by growing
pressures on costs and push - back
from clients on
fees and how legal work may be produced.
In the face of increasing
pressure from regulators and greater exposure to litigation and international arbitration, combined with the prevailing economic climate, businesses are looking for increasingly flexible
fee structures
from their legal advisers.
Comments
from the experts reveal alarming examples of this
pressure, including being asked to inflate care costs, delete parts of their report and change the prognosis and diagnosis, and having
fees withheld as leverage to alter the report.
The rise of technology in legal practice, the growing
pressures from clients to reduce legal
fees and the rise of alternative business structures (ABS) in the U.K. and Australia have created new opportunities and challenges.
The study also found that downward
pressure on
fees from clients is still seen as the biggest threat to profitability — and concerns are continuing to grow.
The owner of a $ 1 million policy on her father came to me after receiving a $ 225,000 gross offer
from a high -
pressure broker who wanted a $ 60,000
fee.
In statements, sources familiar with the meeting said exchanges have all largely agreed to limit margin trading and zero -
fee trading in response to
pressures from the central bank.