Sentences with phrase «firms as profit centers»

Albert Jenner, in his final public appearance, told a gathering of Chicago lawyers: «We need to reorient our thinking away from the legal marketplace and law firms as profit centers and revenue producers, and law as a business.»

Not exact matches

So long as their underwriting practices are sound, the gains paid on the investable float are a high - margin profit center for the firm.

Firms will transition from using junior lawyers as profit centers and instead begin to outsource, offshore or automate many tasks previously performed by associates.

Nearly two years ago, I posted that bar rules allowing firms to mark up the cost of U.S. - based contract lawyers without disclosure gave firms incentive to treat contract lawyers as profit centers, and discouraged them from offshoring document review, because in that situation firms would be required to disclose their markup to clients.

by Ken Lopez Founder / CEO A2L Consulting There are a handful of large law firms that have in - house graphics departments and use them as profit centers with their corporate clients.

Unlike law firms, which operate as revenue - raising profit centers, corporate legal departments are cost centers, spending corporate dollars to defend lawsuits filed against the company, negotiate business transactions and perform a wide range of legal services on behalf of the parent corporation and its business entities.